Trading has been halted in Nasdaq-listed securities because of a technical problem.
The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted until further notice because of problems with a quote dissemination system.
Nasdaq sent out an update at 1pm saying trading would reopen "at a time to be determined."
The Nasdaq composite index was frozen at 3,631.17 as of 1:20 p.m., up 31.38 for the day. The index is up 20 percent so far this year.
Nasdaq said it wouldn't be canceling any open orders.
"We are monitoring the situation and in are close contact with the exchanges," said SEC spokesman John Nester.
Thursday's problem is the latest in a string of technology-related mishaps afflicting exchanges and brokers as markets over the past two decades have migrated to electronic systems, according to the WSJ.
The Nasdaq did not mention the problems on its Twitter or Facebook accounts.
Nasdaq halts trading due to a technical issue - New York News
It's probably nothing.
The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted until further notice because of problems with a quote dissemination system.
Nasdaq sent out an update at 1pm saying trading would reopen "at a time to be determined."
The Nasdaq composite index was frozen at 3,631.17 as of 1:20 p.m., up 31.38 for the day. The index is up 20 percent so far this year.
Nasdaq said it wouldn't be canceling any open orders.
"We are monitoring the situation and in are close contact with the exchanges," said SEC spokesman John Nester.
Thursday's problem is the latest in a string of technology-related mishaps afflicting exchanges and brokers as markets over the past two decades have migrated to electronic systems, according to the WSJ.
The Nasdaq did not mention the problems on its Twitter or Facebook accounts.
Nasdaq halts trading due to a technical issue - New York News
It's probably nothing.
