Nasdaq Points to Issue With NYSE Arca for Glitch

Published on August 22, 2013
by Jenny Strasburg and Jacob Bunge

Nasdaq OMX Group Inc. executives internally on Thursday pointed to a “connectivity” problem with competing electronic exchange NYSE Arca as the trigger to technical issues that led to a three-hour halt in trading of Nasdaq-listed stocks, according to people familiar with the matter.

“There was a connectivity issue between an exchange participant” and the Nasdaq-operated data feed that supplies U.S. markets with information on stocks listed on the Nasdaq Stock Market, the exchange operator said in a statement issued Thursday evening.

Arca, operated by NYSE Euronext, is the unnamed exchange participant referred to in Nasdaq’s statement, the people said.

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