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NASDAQ Trading Resumes After Technical Glitch Forces Halt

Quote Dissemination System Problem Causes Shutdown
The Nasdaq board in Times Square advertises Facebook. (credit: Spencer Platt/Getty Images)

The Nasdaq board in Times Square advertises Facebook. (credit: Spencer Platt/Getty Images)

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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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(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)