Nasdaq suffered a hardware breakdown on Thursday which caused its flagship US equities exchange to fail to properly rout trades with some investment firms.
The company said it had resolved an issue with “stuck orders”, or those buy or sell orders that fail to make their way through the exchange’s infrastructure due to a technical problem.
A person familiar with the matter, which affected the exchange from 14:01:06 to 14:03:24, blamed the hardware issue for the failure. The outage impacted a “small subset of orders”, Nasdaq said in statement.
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