dinsdag 4 juli 2017

Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN "Crashes" 87% After-Hours!

Nasdaq has issued a market-wide trading halt amid what appears to be a "glitch" that sent a number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share...


This move crashed the value of companies including Amazon and Apple, sparked chaos in Microsoft, while sending Zynga rocketing up more than 3000%...


On the eve of the US Independence Day holiday and in after-hours trading, The FT reports that market data show that companies such as Apple, Amazon, Microsoft, eBay and Zynga were repriced at $123.47...


The Bloomberg data terminal listed either “market wide circuit breaker halt, level 2” or “volatility trading pause” on all the stocks affected...


The glitch did not affect any market trading, including after hours. The mysterious reset to $123.47 per share meant that Amazon in theory saw its share price marked down 87.2 per cent, while shares in Apple fell 14.3 per cent...


But Nasdaq-listed Microsoft had jumped 79.1 per cent, which would value the company at nearly $1tn...


As Bloomberg reports, the apparent swings triggered trading halts in some securities, according to automatically generated messages. The halts are a mechanism exchanges use to limit the impact of particularly volatile sessions. A system status alert on Nasdaq’s website said that systems were operating normally at 8:23 p.m. ET. After-market hours on Nasdaq typically last from 4 p.m. to 8:00 p.m. In a statement, Nasdaq said the glitch was related to “improper use of test data” sent out to third party data providers, and said it was working to “ensure a prompt resolution of this matter”. In cases of any clearly erroneous data, trades made are cancelled. As a reminder this is not the first time 'glitches' have occurred on holidays; remember gold on Thanksgiving 2014....

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