NASDAQ OPTIONS MARKET IN COMPLETE UNPRECEDENTED SHUTDOWN
Aug 22, 2013
Trading on the NASDAQ options market has been halted as of 12:22:26 PM ET, reports Bloomberg.
NASDAQ says the trading halt is due to a UTP SIP quote dissemination issue.
(UTP stands for “unlisted trading privileges” and refers to the ability of other exchanges to trade securities listed on the NASDAQ. SIP stands for “securities information processor” and is the system that allows NASDAQ to send quotes for those securities to other exchanges.)
Meanwhile, shares of companies that trade on the NASDAQ (not just options) – like Apple, Facebook, and Microsoft – have completely flatlined since shortly after noon.