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Nasdaq To Resume Trading After Technical Problem

Filed by KOSU News in Business.
August 22, 2013

(This post was last updated at 2:40 p.m. ET)

Nasdaq plans to resume trading in all securities by 3:10 p.m. ET following a prolonged halt Thursday afternoon caused by a technical glitch.

“NASDAQ will first re-open trading in symbols ZVZZT and AAIT with a 15-minute quoting period beginning at 14:30, with trading beginning at approximately 14:45. All other securities will then be released at 14:55 with a 15-minute quote only period with trading resuming at approximately 15:10,” the exchange said in a statement.

Trading in the tech-heavy Nasdaq halted at 12:14 p.m. ET. The index was frozen at 3,631.17 as of 1:20 p.m., up 31.38 for the day.

The Wall Street Journal says the issue stemmed from a data feed that provides market data for Nasdaq-listed securities.

“I can’t remember this happening in recent memory,” Christopher Nagy, president of consultancy firm KOR Trading and a former head of trading at TD Ameritrade, told Reuters. [Copyright 2013 NPR]

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