More Market Trading Errors and Issues, Stock Options Trading Halted
If you are getting sick and tired of glitches, errors, and “issues” all culminating to interrupt or halt trading in stocks, you are not alone. Normally we would be discussing errors impacting stocks but now another glitch has halted trading in stock options. The NASDAQ Composite was up over 30 points earlier in the day, only to fall to slightly in the red before stabilizing at a 0.75 gain to 3,722.93.
This report has been updated from the original 1:55 PM EST timestamp.
UPDATE: Trading wires have said that options trading will resume at 2:10 PM EST.
Much of the NASDAQ’s drop on Monday took place earlier in the trading day, but the last leg down shortly after 1:30 PM EST really took the wind out of the technology dominated stock exchange. Was Larry Summers tied to just DJIA and the S&P 500 Index gains today?
Today’s options trading halt was reportedly from the Options Price Reporting Authority (OPRA) based upon a data-feed exchange issue. We have yet to see formal trading halt notices on the exchanges but options trading on the NASDAQ is still said to be out.
We are not going to point which exchange or reporting system is at fault here due to the potentiality of accidentally pointing the finger the at the wrong exchange without having all of the data. What we do see is that NYSE Euronext, Inc. (NYSE: NYX) shares are up 0.25% at $41.93, The Nasdaq OMX Group, Inc. (NASDAQ: NDAQ) is up 0.3% at $31.37, and the CBOE Holdings, Inc. (NASDAQ: CBOE) is down 0.6% at $45.86. Again, we are not assigning blame on them individually nor as a group as of yet because we are dealing with only partial information.
The CNBC website simply says, “Option trading is halted on all exchanges due to quote feed issues.” Stay tuned.