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August 2013 NASDAQ flash freeze information


For three hours on August 22, 2013, trading was halted on the Nasdaq Stock Market. Trading on the exchange stopped at 12:14 pm and resumed at 3:25 pm, with 35 minutes left of trading for the day.[1] One week after the trading halt NASDAQ OMX credited the freeze to an overloading of the Securities Information Processor (SIP) caused by reconnection issues with the New York Stock Exchange Arca.[2] The freeze received substantial media coverage and generated discussions on the security of increasingly technologically advanced stock exchanges. The event coined the term "flash freeze" following the earlier "flash crash" on May 6, 2010.[3][4]

Throughout the freeze the Nasdaq composite remained at 3631.17. Following the reopening of the market it rose, closing at 3,638.71, 1.1% higher.[1] Shares of the Nasdaq exchange closed 3.42% down following the freeze.[5]

  1. ^ a b "'Flash freeze' halts Nasdaq stock trading for 3 hours - NBC News". NBC News. Retrieved 2018-10-19.
  2. ^ "NASDAQ OMX Provides Updates on Events of August 22, 2013". Nasdaq. Retrieved 2018-10-19.
  3. ^ Staff, Investopedia (2013-10-25). "Flash Freeze". Investopedia. Retrieved 2018-11-08.
  4. ^ "'Flash freeze' halts Nasdaq trading". The Sydney Morning Herald. 2013-08-22. Retrieved 2018-11-08.
  5. ^ Egan, Matt (2016-03-02). "'Flash Freeze' on Wall Street: Nasdaq Paralyzed by 3-Hour Halt". Fox Business. Retrieved 2018-10-19.

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