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Old 08-22-2013, 01:07 PM
 
29,409 posts, read 21,263,593 times
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Odd...........

The nation's second-largest stock exchange, the Nasdaq, ceased trading for almost an hour Thursday due to what it called a problem affecting quote dissemination.
The glitch threw trading into turmoil for dozens of publicly traded companies, including high-profile companies such as Apple, Microsoft and Facebook. All traffic through Nasdaq stopped at 12:14 p.m., the exchange said on its website.
Dow Jones reported at 1:06 pm ET that trading would resume "shortly," though the exact timing was not clear. Trading could be very volatile when it resumes, particularly in widely held shares.

Despite the freeze, Nasdaq said it would not cancel orders. "Nasdaq will not be canceling open orders on the book. Customers who wish to cancel their orders may do so and any customer who wishes to not participate in the re-opening should cancel their orders prior to the resumption of trading," said a spokesman.
A spokesman for the SEC said, "We are monitoring the situation and are in close contact with the exchanges."



Nasdaq stock market trading halted after technical glitch - NBC News.com
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Old 08-22-2013, 01:21 PM
bUU
 
Location: Florida
12,077 posts, read 10,233,805 times
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It isn't odd, imho. I wouldn't expect Nasdaq to be immune to the kind of rabid IT cost-cutting I see going on all over, compromising service quality and reliability.
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Old 08-22-2013, 01:45 PM
 
Location: Great State of Texas
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BofA went offline for hours and called it a "glitch" as well.
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Old 08-22-2013, 01:49 PM
 
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Obama just met behind closed doors with a bunch of "regulators" the other day. Yes it's odd. This type of stuff gets my "radar" activated.
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Old 08-22-2013, 01:50 PM
 
Location: Great State of Texas
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An unnamed government official said it was not cyberterrorism.
Well they don't know what it is that caused the "glitch" but they know it was not a cyber attack.
Simple logic would tell you that in order to say it was NOT a cyber attack you would need to know what caused it.
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Old 08-22-2013, 01:52 PM
 
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I was reading last week that our good buddy Soros made a big bet against the S&P to boot.
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Old 08-22-2013, 07:36 PM
 
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Look out soros shut this one down. Libs love it when their hero sticks it to us all.
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