Nasdaq computer system crashes

Stefan Mileschin · 25th August 2013, 06:39

Trading in the Nasdaq was halted after the computer system which controls the whole buying and selling thing crashed.

According to Forbes, "a technical issue" was blamed for the outage and resulted in the Nasdaq stock market halting all trading in shares listed on its exchange and it requested fellow exchanges to do the same.

The New York Stock Exchange did so while it continued normal trading in its own shares. Normally when a stock exchange has a technical problem orders can be routed through other exchanges. In this case that was not possible, and the Nasdaq still has not put a timeframe on when it expects to be up and running properly.

The outage bought the Nasdaq to a virtual standstill. Some trades in names listed on the exchange trickled in through alternative venues.

It also had a knock on effect on Nasdaq stocks including Google, Apple and Facebook to far smaller companies. Google and Apple's share price flat-lined completely.

http://news.techeye.net/business/nas...system-crashes

25th August 2013, 06:39	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,440	Nasdaq computer system crashes Trading in the Nasdaq was halted after the computer system which controls the whole buying and selling thing crashed. According to Forbes, "a technical issue" was blamed for the outage and resulted in the Nasdaq stock market halting all trading in shares listed on its exchange and it requested fellow exchanges to do the same. The New York Stock Exchange did so while it continued normal trading in its own shares. Normally when a stock exchange has a technical problem orders can be routed through other exchanges. In this case that was not possible, and the Nasdaq still has not put a timeframe on when it expects to be up and running properly. The outage bought the Nasdaq to a virtual standstill. Some trades in names listed on the exchange trickled in through alternative venues. It also had a knock on effect on Nasdaq stocks including Google, Apple and Facebook to far smaller companies. Google and Apple's share price flat-lined completely. http://news.techeye.net/business/nas...system-crashes

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