Nasdaq halts trade in some-more than 2700 bonds given of a technical glitch.
In a second poignant trade glitch this week, many vital exchanges were forced to hindrance trade in some-more than 2,700 Nasdaq-listed bonds for several hours Thursday.
Some of a market’s many renouned stocks, including Apple (Fortune 500), , Google (Fortune 500), , Microsoft (Fortune 500), , Intel (Fortune 500) and , Facebook (, were during a practical delay until trade resumed for all Nasdaq bonds during 3:25 p.m. )
It’s nonetheless another black eye for a batch marketplace that has turn increasingly automated. It’s also another blow to Nasdaq (, that has been underneath heated inspection given trade issues during a sell injured a initial open charity of Facebook. )
Nasdaq attributed a problems to technical issues during a executive clearinghouse famous as a “UTP SIP,” that is a confidence information routine where 13 open exchanges send bid and offer prices on Nasdaq-listed stocks.
Nasdaq hasn’t suggested what caused a issues there.
“In 26 years in a industry, I’ve never seen a SIP have a inauspicious disaster like this,” pronounced Chris Nagy, boss of a marketplace consulting organisation KOR trade and a former conduct of trade during TD Ameritrade.
Article source: http://rss.cnn.com/~r/rss/money_latest/~3/J8mN6xyU_EE/index.html