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HandWiki. August 2013 NASDAQ Flash Freeze. Encyclopedia. Available online: https://encyclopedia.pub/entry/35195 (accessed on 07 October 2026).
HandWiki. August 2013 NASDAQ Flash Freeze. Encyclopedia. Available at: https://encyclopedia.pub/entry/35195. Accessed October 07, 2026.
HandWiki. "August 2013 NASDAQ Flash Freeze" Encyclopedia, https://encyclopedia.pub/entry/35195 (accessed October 07, 2026).
HandWiki. (2022, November 18). August 2013 NASDAQ Flash Freeze. In Encyclopedia. https://encyclopedia.pub/entry/35195
HandWiki. "August 2013 NASDAQ Flash Freeze." Encyclopedia. Web. 18 November, 2022.
August 2013 NASDAQ Flash Freeze
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The content is sourced from: https://handwiki.org/wiki/Finance:August_2013_NASDAQ_flash_freeze

For three hours on August 22, 2013, trading was halted on the Nasdaq Stock Market. Trading on the exchange stopped at 12:14pm and resumed at 3:25pm, with 35 minutes left of trading for the day. 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. 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. 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. Shares of the Nasdaq exchange closed 3.42% down following the freeze.

overloading freeze sip

References

  1. Pisani, Bob (2013-08-27). "Nasdaq, NYSE play blame game over 'flash freeze'". CNBC. https://www.cnbc.com/id/100992136. 
  2. "'Flash freeze' halts Nasdaq stock trading for 3 hours - NBC News" (in en). NBC News. https://www.nbcnews.com/businessmain/flash-freeze-halts-nasdaq-stock-trading-3-hours-6C10974922. 
  3. Schaefer, Steve. "Nasdaq Flash Freeze Shows Markets Still Aren't Safe" (in en). Forbes. https://www.forbes.com/sites/steveschaefer/2013/08/24/nasdaq-flash-freeze-shows-markets-still-arent-safe/#6eee2e416033. 
  4. Patterson, Jacob Bunge, Jenny Strasburg and Scott. "Nasdaq in Fresh Market Failure" (in en-US). WSJ. https://www.wsj.com/articles/trading-halted-in-nasdaq-securities-1377189194?tesla=y. 
  5. Madrigal, Alexis C. (2013-08-22). "Nasdaq Flash Freeze: Things That Work in New Ways Break in New Ways" (in en-US). The Atlantic. https://www.theatlantic.com/technology/archive/2013/08/nasdaq-flash-freeze-things-that-work-in-new-ways-break-in-new-ways/278960/. 
  6. Finch, Brian E. (2013-08-30). "An Important "What If" of the NASDAQ Flash Freeze" (in en-US). https://www.huffingtonpost.com/brian-e-finch/an-important-what-if-of-t_b_3807052.html. 
  7. "NASDAQ OMX Provides Updates on Events of August 22, 2013 | Nasdaq, Inc." (in en). http://ir.nasdaq.com/news-releases/news-release-details/nasdaq-omx-provides-updates-events-august-22-2013. 
  8. Inc., Nasdaq,. "UPDATE -- NASDAQ OMX Issues Statement on the Securities Information Processor" (in en-US). GlobeNewswire News Room. http://globenewswire.com/news-release/2013/08/22/568741/10045917/en/UPDATE-NASDAQ-OMX-Issues-Statement-on-the-Securities-Information-Processor.html. 
  9. Merced, Michael J. de la. "Shutdown at Nasdaq Is Traced to Software" (in en). DealBook. https://dealbook.nytimes.com/2013/08/29/nasdaq-blames-a-surge-of-data-for-trading-halt/. 
  10. "SEC.gov | Statement on Nasdaq Trading Interruption" (in en). https://www.sec.gov/news/public-statement/statement-nasdaq-trading-interruption#.Uhe5pH-RPpJ. 
  11. Egan, Matt (2016-03-02). "NYSE, Nasdaq Still Pointing Fingers at Each Other Over 'Flash Freeze'" (in en-US). Fox Business. https://www.foxbusiness.com/markets/nyse-nasdaq-still-pointing-fingers-at-each-other-over-flash-freeze. 
  12. Egan, Matt (2016-03-02). "'Flash Freeze' on Wall Street: Nasdaq Paralyzed by 3-Hour Halt" (in en-US). Fox Business. https://www.foxbusiness.com/markets/flash-freeze-on-wall-street-nasdaq-paralyzed-by-3-hour-halt. 
  13. Mikolajczak, Chuck. "Nasdaq market paralyzed by three hour shutdown" (in en-US). U.S.. https://www.reuters.com/article/us-nasdaq-halt-tapec/nasdaq-market-paralyzed-by-three-hour-shutdown-idUSBRE97L0V420130822. 
  14. "Nasdaq trading resumes after technical glitch" (in en). azcentral. https://www.azcentral.com/story/money/markets/2013/08/22/nasdaq-trading-halt/2685361/. 
  15. Schaefer, Steve. "Nasdaq Details Cause Of Flash Freeze, Says Data Flood Forced Shutdown" (in en). Forbes. https://www.forbes.com/sites/steveschaefer/2013/08/29/nasdaq-details-flash-freeze-failure-it-was-our-fault-but-not-entirely/#454f7b744214. 
  16. "Nasdaq's flash freeze and the dangers of automated trading". 2013-08-23. https://theweek.com/articles/460763/nasdaqs-flash-freeze-dangers-automated-trading. 
  17. Schaefer, Steve. "NYSE Beats Nasdaq To Win Twitter IPO Beauty Contest" (in en). Forbes. https://www.forbes.com/sites/steveschaefer/2013/10/16/nyse-beats-nasdaq-in-twitter-ipo-beauty-contest/#35ef3dfb18d0. 
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