(Bloomberg) — Nasdaq Inc. said it has resolved a technology glitch that disrupted premarket trading for almost three hours on the exchange that hosts the likes of Apple Inc. and Nvidia Corp.
“The Nasdaq Stock Market has resolved its earlier matching engine issues and all systems are operating normally,” a
In a separate statement to Bloomberg News, a Nasdaq spokesperson confirmed that the issue started shortly after 4 a.m. in New York and was resolved around 7 a.m.Electronic exchanges use a matching engine to facilitate price discovery, according to a description on the website.
The exchange earlier said that any unacknowledged orders on “Rash FIX” had been canceled back to customers.
The disruption was the second at Nasdaq in about three months. In December,
Disruptions on the US exchange were rare prior to December. Other examples include computer
On Monday, no trades were printed on Nasdaq Global Market between about 4:09 a.m. and 7:03 a.m. in New York, according to trading data on Bloomberg. Tickers of stocks including Nvidia and Apple were still printing trades via other platforms, including NYSE Arca Exchange. Typically, Nasdaq handles the bulk of trading volumes for shares listed on the tech-heavy index.
Other exchanges, including NYSE and NYSE Arca Equities temporarily declared self-help against Nasdaq — a notification issued when another exchange is dealing with internal problems processing trades and orders are routed through alternate venues.
Cboe Global Markets Inc. said its EDGX Equities exchange briefly