NEW YORK (Aug. 22, 2013) — Trading of Nasdaq stocks and options on the Nasdaq and New York Stock Exchange was halted Thursday because of a reported technical glitch.
Nasdaq sent out an alert at 12:14 p.m. telling traders that it was “halting trading in all” stocks listed on the Nasdaq exchange – about 3,200 companies — until further notice, the New York Times said. The exchange said the issue was a result of problems with the system on which trades are recorded.
The exchange said it expects to resume trading later in the day.
The Securities and Exchange Commission said it is monitoring the situation and is in close contact with the exchanges.
Stock market glitches are not uncommon, but this outage appears to be one of the most significant.
NASDAQ OMX Group owns and operates 24 markets, three clearing houses and five central securities depositories, spanning six continents — making it the world’s largest exchange company.