Nasdaq halts trading

Nasdaq has halted trading in all securities due to a technical issue involving quote dissemination.

SEC: "We are monitoring the situation and are in close contact with the exchanges."

Comments (12)
  • jmjjmj1
    , contributor
    Comments (183) | Send Message
    must be Goldy
    22 Aug 2013, 12:58 PM Reply Like
  • Bouchart
    , contributor
    Comments (1134) | Send Message
    Wonder what banking institution needs a do-over in its trades this time.
    22 Aug 2013, 01:03 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1582) | Send Message
    This is unacceptable! Just ban HFT already! Not only are they stealing from us, they are destroying our trading systems while stealing.
    22 Aug 2013, 01:03 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
    Algos gone wild- new DVD out this fall
    22 Aug 2013, 01:07 PM Reply Like
  • Marco Mazzocco, CFA
    , contributor
    Comments (193) | Send Message
    Bring the specialists back! They might pick your pocket a little, but at least you can get a trade done.
    22 Aug 2013, 01:10 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
    Markets have been broken since the specialist system went away...
    22 Aug 2013, 01:19 PM Reply Like
  • micium
    , contributor
    Comments (115) | Send Message
    Call it what you will, but I bet it has everything to do with high frequency trading. High frequency trading should be banned once and for all. It has nothing to do with a fair and stable market, but instead is a tool of manipulators.
    22 Aug 2013, 01:35 PM Reply Like
  • micium
    , contributor
    Comments (115) | Send Message
    I think that I will no longer invest in NASDAQ stocks. Why have to deal with crap like this. Let the manipulators have it to themselves.
    22 Aug 2013, 01:37 PM Reply Like
  • Terry Maness
    , contributor
    Comments (2) | Send Message
    Just wait.


    Where I live, we're used to having the power go out, usually at the worst possible time. I've always had my doubts about the 'flash crash.' Nasdaq just put the 'out to lunch' sign up which is the ONLY thing to do. They have a problem and are trying to fix it, and I'm fine with that...for now.
    22 Aug 2013, 02:59 PM Reply Like
  • PeterPatS
    , contributor
    Comments (527) | Send Message
    One thing bothers me the most: when I saw stock flat line, I went on, and guess what, there was no message - that they are down, or anything. There was no message and explanation when they went up either. I found the info in news outlets, of course.


    As a party running this for all of us, they should have done something to inform people using their platform. I can't imagine what whoever in charge that day was thinking, but obviously a thought to inform people did not cross their mind.


    Terry Maness, there was no 'out to lunch' sign, there was no sign at all.
    22 Aug 2013, 06:30 PM Reply Like
  • Stephen J Melnykevich
    , contributor
    Comments (1325) | Send Message
    I did the same thing.


    I couldn't believe it.
    22 Aug 2013, 07:28 PM Reply Like
  • tradestream1
    , contributor
    Comment (1) | Send Message
    Sound like it's time to start a petition to change the industry...if that's even possible. History shows nothing changes until it fails profusely when we experience the extremes, such as oil spills or the failing economy. Until then we need to keep our trading risk mgmt in check. Good luck everyone!
    23 Aug 2013, 04:12 AM Reply Like
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