Nasdaq blames software bug for outage

2013-08-30 07:30
Nasdaq market site. (Kathy Willens, AP, file)

Nasdaq market site. (Kathy Willens, AP, file)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

New York - Nasdaq OMX Group said on Thursday its massive trading halt last week was due to an internal software bug and other technology issues triggered by problems at NYSE Euronext's Arca exchange that led to the failure of a key backup system.

Nasdaq said connection problems between Arca and the Nasdaq-run Securities Information Processor, or SIP, the system that receives all traffic on quotes and orders for stocks on the exchange, led the processor to become overwhelmed, forcing the exchange to halt trading in its listed stocks.

Read more on:    computing

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Inside News24


Amazing solar inventions!

Solar power is lighting up the world, and not just on rooftops anymore.



Prince George the green prince?
Lean, green, drifiting machine
One man's $1 million vision for an eco Africa
China's air pollution at doomsday levels

Book flights

Compare, Book, Fly

Traffic Alerts

There is a tendency to get too caught up in group dynamics and high expectations and ideals, that your own personal needs more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.