The NASDAQ has suspended all trading due to what they are calling a technical issue with their processors.
MyfoxnewsNY is reporting that 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 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.
Believe me people are panicking, and not because of a technical issue, but more of a hacking issue. Stay tuned..
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