American stock exchange, NASDAQ, saw trading halt for several hours yesterday, in the wake of what has been described as a “technical glitch,” with the system. It saw some orders cancelled and even the New York Stock Exchange ceased trading temporarily.
According to the Wired breakdown, NASDAQ officials announced the initial problem with the exchange at 11:45AM yesterday, stating that there had been “momentary interruptions,” in the system. While it went on to report that they had now ceased and that the problem had only lasted a few minutes, this wasn’t to be the end of it.
Just over half an hour later, a second announcement went out, stating that the NASDAQ had halted all trading of Tape C securities due to the preceding issues. Following shortly after that, was a note saying that for the time being all options trading would stop too.
Fortunately for those looking to get their gambling fix that day, these blocks were only in place until 20 to four, at which time trading resumed at its usual pace.
It’s not been announced what caused the problems that led to the exchange down time, but some are pointing the finger at similar problems with other big digital organisations like Amazon and Google, which have similarly suffered outages over the past few weeks.
KitGuru Says: Hackers maybe? Hardware strain? Or just coincidences? Why do you guys think so many big tech firms (and now exchanges) are being hit by these problems?