Nasdaq Options-market Outage Continues

I dont think this market is cheap by any means, said Brad McMillan, chief investment officer for Commonwealth Financial. Weve been urging caution for some time now. In the bond market, the yield on the 10-year Treasury note rose to 2.60 percent from 2.56 percent. Among stocks making big moves: Chevron fell $1.83, or 1.5 percent, to $118.20. The worlds second-largest publicly-traded oil company said its third-quarter income fell 6 percent, missing analysts estimates, due to weakness in the companys refining business.

NASDAQ Welcomes Qunar (NASDAQ:QUNR) to The NASDAQ Stock Market

Log In By Kaitlyn Kiernan A Nasdaq OMX Group Inc. options-market breakdown stretched into a second hour during midsession trade Friday, the latest in a series of technical problems at the exchange operator. Nasdaq said in a notice to traders it halted trading on its Nasdaq Options Market, known as NOM, at 10:56 a.m. Eastern time. The halt came after an alert earlier in the morning that said Nasdaq was investigating problems with the market erroneously canceling some orders. The NOM is one of three options markets owned by Nasdaq OMX /quotes/zigman/86035/delayed/quotes/nls/ndaq NDAQ -0.27% .

NASDAQ Has Halted Trading In Its Options Market

Here’s a timeline of events from today courtesy of Nasdaq. From Nasdaq Trader: 14:06 ET: On Friday, November 1st at 10:36:57 a.m. ET, NASDAQ OMX halted trading on the NASDAQ Options Market (NOM), one of the exchange groups three U.S. options markets. A significant increase in order entries inhibited the systems ability to accept orders and disseminate quotes on a subset of symbols, which resulted in the NOM halt. As equities options trading continues on eleven other venues, including NASDAQ OMX PHLX and BX Options, NASDAQ OMX has determined it is in the best interest of market participants and investors to cancel all free open orders on the NOM book at 10:36:57 a.m. ET, and to continue the market halt through the close.

The optimistic corporate line is that the strong year reflects successful reorganization after the return of former CEO Stephen Luczo. The more cynical take is that their main competitor, Western Digital, had a lot of factories destroyed by floods in Thailand. Lefty Gomez famously said hed rather be lucky than good, and the same thing applies in the business world. 8.

Nasdaq: NOM halted after ‘significant increase in order entries’

By listing with NASDAQ OMX, Qunar joins leading internet and technology companies such as Google, Priceline, and TripAdvisor. About NASDAQ OMX: The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry.

Nasdaq Composite And Nasdaq 100 Indexes Frozen: Report

The Nasdaq decided to cancel all orders on the book as of 10:36 a.m. EDT, and keep trading halted through the end of the day. “A significant increase in order entries inhibited the system’s ability to accept orders and disseminate quotes on a subset of symbols, which resulted in the NOM halt,” the exchange said. A source familiar with the situation told CNBC that there was no indication that the increase in order entries was related to any nefarious activity, like high-frequency traders trying to mess with the system. The source was less sure if it might be due to some non-nefarious activity, like an order gone wild.


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