Techical glitch halts trading on Nasdaq

August 22, 2013 23:46

All trading on Nasdaq, the second-biggest US stock exchange, was halted on Thursday shortly after midday due to a technical problem, the exchange said.

All traffic through Nasdaq stopped at 12:14 pm (1614 GMT), the exchange said on its website, citing a problem distributing stock price quotes. The exchange, which lists about 3,200 companies, said it expects to resume trading later on Thursday.

Meanwhile, the New York Stock Exchange's parent, NYSE Euronext, has ceased all trading in Nasdaq-listed shares at the request of Nasdaq.

"I can't remember this happening in recent memory," said Christopher Nagy, president of consultancy firm KOR Trading and a former head of trading at TD Ameritrade.

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