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HindustanTimes Fri,11 Jul 2014

Nasdaq suspends trading on technical problems

AFP  New York, August 23, 2013
First Published: 00:13 IST(23/8/2013) | Last Updated: 00:15 IST(23/8/2013)

Nasdaq on Thursday suspended trading of all stocks and options due to technical problems.

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The exchange halted trade in all "Tape C" securities, which includes options and securities.

A message from Nasdaq around 4:15pm GMT recommended traders route transactions to other exchanges.

The tech-rich exchange said on its website that it intends to resume trading "at a time to be determined". The exchange said customers wishing to cancel orders could do so.

A spokesman for the Securities and Exchange Commission said the US securities regulator was monitoring the situation and was "in close contact with the exchanges."

Nasdaq attributed the shutdown to a problem with its SIP system, which interfaces with other exchanges on stock quotes.

"We're still investigating this. It's a technical problem on the UTP SIP system, halting all the Nasdaq options" said Nasdaq spokesman Ryan Wells.

The Nasdaq index was up 0.87% at 3,631.17 when trading was halted.


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