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    Default NASDAQ halts trading

    Of course, everyone else working in a financial institution already knows this, but for those of you not receiving emails from your trading department, check this out...

    I ask: what's there to be worried about "traders"??? Probably just fat fingers or rabid squirrel...

    http://finance.yahoo.com/news/nasdaq...162926716.html


    Quote ................... .... .......
    ...Traders wait nervously for Nasdaq to reopen

    By CNBC | CNBC – 17 minutes ago....@cnbc on Twitter.
    ...Email 0Recommend124Tweet0Share0Print.....Related Content.
    ..
    View Photo.Jin Lee | Bloomberg | Getty Images
    ....
    Traders waited nervously Thursday for the Nasdaq to begin trading after its largest intra-day shut in recent memory.

    "When everyone comes back online at the same time that's when even more dangerous things can happen in the marketplace," said Sal Arnuk, the co-founder of Themis Trading.


    The Wall Street Journal pointed to Apple as a good example of the chaos that could ensue. The tech giant's stock plunged shortly before the Nasdaq glitch.

    The Nasdaq earlier halted trading in all securities Thursday until further notice due to a problem affecting quote dissemination.


    Dozens of publicly traded companies, including high-profile companies such as Apple (AAPL), Microsoft (MSFT) and Facebook (FB), were showing their shares halted. The Nasdaq status message was time stamped at 12:14:03 ET.

    Dow Jones reported at 1:06 pm ET that trading would resume "shortly," though the exact timing was not clear. An average of 1.6 billion shares have been traded on the Nasdaq every day this August, according to statistics from Sander O'Neil.


    Despite the freeze, Nasdaq that it will 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."


    The Nasdaq (NDAQ) options markets also issued a "system update" saying they were recommending firms route all open orders elsewhere.


    The New York Stock Exchange said it had halted trading in all Nasdaq securities at its request and was cancelling orders. The NYSE otherwise declined comment. The CME said that it was seeing 'no impact' from Nasdaq's trading halt.

    (Read more: 'Knight-mare': Trading Glitches May Just Get Worse )

    "You can't trade if you can't get the quotes out," said Rich Repetto of Sandler O'Neill Partners.


    "They want everybody else to shut down Tape C trading so they can restart over at the Nasdaq and until they do they can't restart", said CNBC contributor Pete Najarian. Tape C refers to any securities traded over the Nasdaq.

    "If I was back in the days of 10 years ago managing 300 traders I'd put the directive out to every one of them 'we don't put any orders in at the open' ... no one trades for 60 minutes," said Joe Terranova, chief market strategist for Virtus Investment Partners and a CNBC contributor.


    Despite the quote problem, stocks overall were up in the early afternoon.

    The shutdown of exchanges without an external crisis is rare, but a stray squirrel shut down the Nasdaq in 1987, according to the New York Times.

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    United States Avalon Member ghostrider's Avatar
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    Default Re: NASDAQ halts trading

    oh my , we might die if we can't make more money today ... don't they have enough millions ???
    Raiding the Matrix One Mind at a Time ...

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    Avalon Member Flash's Avatar
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    Default Re: NASDAQ halts trading

    someone is making a bundle with this, under everybody's nose. It does serve some interests.

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    Default Re: NASDAQ halts trading

    Of course...and now it's getting even easier, this is from a Reuters article (sorry, on phone, cut/paste not easy):

    Quote "The fact we didn't see a larger dip on today's mess shows most investors are, for better or worse, becoming more comfortable with these mistakes," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
    http://mobile.reuters.com/article/id...30822?irpc=932

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    England Avalon Member Taurean's Avatar
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    Default Re: NASDAQ halts trading

    Hmmm, part of a series of hiccups this week.


    Quote I told you it would start to get CRAZY this week!

    Looks like Goldman is the first to show the signs of systemic brake down of the virtual monetary system. Apparently their Market Rigging Program went wonky this morning and they lost over $100M in minutes!

    But no worry...they are just going to have these transactions voided!


    Goldman Sachs "Working" With Exchange to Resolve Options Trades
    http://www.bloomberg.com/news/2013-0...ns-trades.html
    Bix Weir
    www.RoadtoRoota.com
    Last edited by Taurean; 23rd August 2013 at 08:08.
    Sapere aude

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    Canada Avalon Member soleil's Avatar
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    Default Re: NASDAQ halts trading

    does anyone think this had to do with all those monsanto people selling off their own millions of monsanto shares??

    ¤=[Post Update]=¤

    as was posted today on naturalnews
    unite, alright
    you know one thing about music? when it hits, you feel no pain!

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    Default Re: NASDAQ halts trading

    Quote Posted by sway (here)
    does anyone think this had to do with all those monsanto people selling off their own millions of monsanto shares??

    ¤=[Post Update]=¤

    as was posted today on naturalnews
    I do now

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