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Nasdaq says connectivity issue caused trading halt

A logo is seen on a window outside of the Nasdaq MarketSite building in New York's Times Square, August 22, 2013. REUTERS/Lucas Jackson
A logo is seen on a window outside of the Nasdaq MarketSite building in New York's Times Square, August 22, 2013. REUTERS/Lucas Jackson

NEW YORK (Reuters) - Nasdaq OMX said a connectivity issue between an exchange participant and the Securities Information Processor, which consolidates stock prices, was the reason behind Thursday's more than three hour trading halt in all Nasdaq-listed securities.

There was a connectivity issue "which lead to a degradation in the ability of the SIP to disseminate consolidated quotes and trades," the exchange said in a statement.

The cause of the issue has been identified and addressed, the exchange said.

An "exchange participant" would be either a brokerage or a market maker.

(Reporting by Rodrigo Campos; Editing by Phil Berlowitz)

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