j52p408: cnbcd tv station, program called power lunch is currently discussing the nasdag trade stoppage/ glitch. It was just mentioned the banks are back up except for Wells Fargo......
Frank26: FOR ME ONLY FAMILY:
ALL TEAMS... AT 12:14 PM EST TODAY NASDAQ SHUT DOWN. AT 12:18 PM EST ALL STOCK EXCHANGE SYMBOLS STARTED SHUTTING DOWN IN ALPHABETICAL ORDER.
ALL TRADE HAS BEEN HALTED ALONG WITH OTHER ACTIVITIES THAT I WILL SEND TO YOU. THEY ARE CLAIMING IT IS FOR TECHNICAL ISSUES. START ASKING.
WELLS FARGO IS BEING CHASTIZED BY CHRISTINE AND WAS GIVEN FINAL INSTRUCTIONS TODAY. TAKE IT OR LEAVE IT.
Read More Link on Right
Frank26: There is no respect offered to M any longer....... By anyone around the world.
O talks to M because it is for OUR ADVANTAGE ............ No longer M's. His future is already written.
O and M want a third term. Yes ............. Birds and feathers and all the ........... Flocking around.
"We will NEVER leave Iraq!!!" Wish I had said that a long time ago............. :heeheehee:
M pretends that he asks USA for help with terrorist to make him look devoid of this evil.
MANY.......... Have been re-trained on how to deal with M within the last 3 weeks.
Lets see what the final exam grade is for M as we stay in constant prayer.
I like my newer posture ......... Less of me and more of prayer.
Pay attention to LAWS that are coming out of the GOI this week ............ God willing then HCL next month. It really looks good on these laws for a change.
Aloha each other KTFA Family ........ My Christian Love Frank
walkingstick » August 22nd, 2013, 2:43 pm •
Updated August 22, 2013, 2:33 p.m. ET
Nasdaq Market Halts Trading
Exchange Officials Aim to Resume Some Trading at 2:45 p.m. ET
By JACOB BUNGE, KAITLYN KIERNAN And TOMI KILGORE CONNECT
Nasdaq Stock Market NDAQ +0.82% officials said they expected trading to resume in some securities at 2:45 p.m. ET, an hour and a half after trading in a large chunk of the U.S. stock market was abruptly halted following an unexplained technical issue.
The freezing of trade in all Nasdaq-listed securities paralyzed action in thousands of issues and raised new questions about U.S. trading systems following a series of high-profile glitches.
Exchange officials scrambled to get trading resumed and to figure out what had happened. U.S. stock-market officials and officials at the Securities and Exchange Commission convened a conference call shortly after the outage began, which was continuing as Nasdaq officials worked to resolve the problem, people familiar with the discussions said.
U.S. authorities were communicating with market players but details were scarce. U.S. Treasury Secretary Lew has been briefed on Nasdaq halt, Treasury officials said, and the SEC said officials there is "monitoring the situation and in are close contact with the exchanges."
Trading-firm officials had been preparing to potentially not be able to trade Nasdaq stocks for the rest of the trading day, according to people in communication with several firms.
The second-largest U.S. stock exchange had earlier hoped to reopen at 1:50 p.m., a person familiar with the matter said. The exchange said in a notice to traders that it wouldn't cancel open orders, but that customers could do so.
The outage saw a large chunk of the U.S. stock market effectively come to a standstill at midday, freezing prices in stocks, exchange-traded funds and options listed on Nasdaq and prompting other trading venues to stop trading those securities. Dark pools and other electronic trading platforms were also forced to suspend trading in Nasdaq-listed stocks, since there were no publicly quoted prices on those securities, traders said.
Nasdaq-listed stocks represented about 28% of all shares traded so far this month, according to data from BATS Global Markets Inc. Nasdaq listings include some of the most prominent companies in the world, including Apple Inc. AAPL -0.76% and Microsoft Corp.
"It's really shocking. We're stuck," said Ramon Verastegui, head of global engineering and strategy at Société Générale. "If we want to trade Apple, we can't."
Some traders said there was confusion about what stocks were affected, and that phones were lighting up across trading desks as investors tried to figure out what was happening.
"We're pulling out our orders to wait until the system works itself out," Rick Fier, director of equity trading at Conifer Securities. "The best thing clients can do is take a break."
Security posted outside the Nasdaq MarketSite in the middle of New York's Times Square would not let anyone in the door without first checking identification or their names against a list of individuals expected for scheduled meetings. Few were seen coming or going.
Others expressed concerns that the prolonged outage could damage investor confidence, and potentially introduce problems with settling the values of indexes and funds at the end of the day. U.S. stocks were up modestly on Thursday afternoon, with the Dow Jones Industrial Average up 62 points to 14960.
"The whole thing gets sloppy when you make decisions on the fly, and it's disruptive to the industry," said Gordon Charlop, managing director at Rosenblatt Securities on the floor of the New York Stock Exchange NYX +1.43% .
"How are we going to value funds at the end of the day? It creates some confusion and uncertainty, and for investors, that's the one thing you count on not happening."
The trading halts in Nasdaq stocks appear to have slowed activity on the New York Stock Exchange as well, according to data provided by Miller Tabak chief technical market analyst Jonathan Krinsky. At 11 a.m. ET, before the Nasdaq halts, NYSE Composite volume was running 18% ahead of Wednesday's volume, Mr. Krinsky said. At around 1:25 p.m., he said NYSE volume was just 7% above Wednesday's.
The episode meant a widely tracked market gauge, the Nasdaq Composite Index, wasn't being updated for the first time in memory. The outage was also expected to skew the calculation of other major market measures such as the Dow Jones Industrial Average and the S&P 500-stock index.
Nasdaq-listed stocks are components on major benchmarks like the Dow Jones Industrial Average and the S&P 500. The operator of those indexes, S&P Dow Jones Indices, said in a release that it began calculating its index values based on trading that takes place on other venues for Nasdaq-listed stocks. Ordinarily, the indexes use values from trading on the stocks' primary exchange, said David Blitzer, managing director and chairman of S&P's index committee.
S&P Dow Jones Indices said it would use the "last composite trade price" for Nasdaq-listed stocks in its indexes should the issue remain unresolved by Thursday's market's close.
The issue stemmed from a data feed that provides market data for Nasdaq-listed securities, exchanges said in notices sent to traders.
Updated August 22, 2013, 12:36 p.m. ET
Trading Halted in Nasdaq Securities
Exchange Officials Cite Technical Problems With a Data Feed
By JACOB BUNGE
U.S. stock exchanges on Thursday halted trading in all securities listed on the Nasdaq Stock Market NDAQ +0.81% because of a technical issue, exchange officials said.
Nasdaq OMX Group Inc. announced the halt at 12:15 p.m. ET Thursday, and other exchanges followed suit. Nasdaq also said it was halting trade in its options markets. A spokesman for Nasdaq declined further comment.
Notices of halts in individual securities started to cross the wire at about 12:18 p.m. ET in alphabetical order by ticker symbol, starting with the exchange-traded fund iShares MSCI All Country Asia Information Technology ETF, AAIT -0.18% ticker AAIT.
The issue stemmed from a data feed that provides market data for Nasdaq-listed securities, the exchanges said in notices sent to traders.