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Tuesday, Aug 27
Nasdaq, NYSE point fingers at each other over outage
- Nasdaq (NDAQ) and NYSE (NYX) are reportedly blaming each other for the three-hour outage on Nasdaq on Thursday last week.
- The trading halt was preceded by connectivity problems between the NYSE's electronic stock market Arca and Nasdaq's Securities Information Processor (SIP), which collects and distributes stock prices to the market.
- The big question is whether those problems were because of faults at Arca or with the SIP.