Quote Dissemination System Problem Causes Shutdown

NEW YORK (CBSNewYork/AP) – Trading resumed in NASDAQ-listed securities following a technical problem which brought trading to a halt.

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 another alert at 12:59 p.m. that said, “NASDAQ intends to re-open trading in all Tape C securities with a halt cross with a 5-minute quote only period starting at a time to be determined.”

Web Extra: Click here for NASDAQ system status updates 

NASDAQ said it wouldn’t be canceling any open orders.

By 3:25 p.m., trading had resumed.

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