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Nasdaq Breaks Again: Data Feed Not Disseminating, Trading Halted In SOX, OSX And HGX Options

Tyler Durden's picture




 

Update: The NASDAQ OMX PHLX and NOM will resume trading in NDX, SOX, OSX, and HGX. PHLX will resume trading as of 12:55 PM .  NOM will resume trading as of 1:00 PM . Please contact Market Operations at (215) 496-1571 if you have any further questions.

Been a while since the Nasdaq broke. Sure enough, the second IBM stunned the market with its latest admission there is no opportunity to grow organically in the US and spend cash on CapEx, being forced instead to buyback another $15 billion in shares, the entire semi-conductor space under Nasdaq's supervision imploded. Just another day in the New Abnormal.

 

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Tue, 10/29/2013 - 12:26 | 4101701 Dr. Engali
Dr. Engali's picture

Robots are demanding union wages and oil breaks.

Tue, 10/29/2013 - 12:30 | 4101721 Say What Again
Say What Again's picture

Now we can really manipulate the prices.

Tue, 10/29/2013 - 12:35 | 4101754 Say What Again
Say What Again's picture

Rumor is that the Obama-Care folks recruited a new set of programers from the NASD.

Tue, 10/29/2013 - 12:50 | 4101805 King_of_simpletons
King_of_simpletons's picture

Can you spot the culprit from the explanation below, for the frequent flash freezes in data feeds ?

http://qconlondon.com/dl/qcon-london-2009/slides/BryanChe_NextGeneration...

Tue, 10/29/2013 - 12:57 | 4101860 Say What Again
Say What Again's picture

I think I found the problem.  Timeout need to be extended to 24 hours or more.

---

message.setData(curr_price);
// Set TTL value so that message will timeout after a period and be purged from queues
// This also creates a REPLAY window for late joining subscribers
message.getDeliveryProperties().setTtl(ttl_time);

Tue, 10/29/2013 - 13:19 | 4101966 IBelieveInMagic
IBelieveInMagic's picture

Clearly NASDAQ was offtrack as it was earlier in RED. Now it has been set right and put back in GREEN :)

Tue, 10/29/2013 - 12:36 | 4101763 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

It will happen (like all of these things do):

"...like a thief in the night."

Tue, 10/29/2013 - 13:48 | 4102095 Gringo Viejo
Gringo Viejo's picture

Not sure but I think there's a new rule that states that anytime someone wants to SELL over a thousand dollars worth of stock, trading MUST be halted.

Tue, 10/29/2013 - 12:26 | 4101705 drink or die
drink or die's picture

How can I buy the daily all time highs when the markets keep breaking?!?!!

Tue, 10/29/2013 - 12:31 | 4101731 ParkAveFlasher
ParkAveFlasher's picture

Just pay your taxes, tbtf takes care of everything else.  Now, SLEEEEP

Tue, 10/29/2013 - 12:27 | 4101714 NDXTrader
NDXTrader's picture

This is fucking absurd. It's becoming a bi-weekly occurrence. Billions of dollars at stake and they can't provide quotes. All of these little, bullshit markets that feed into the broader markets need to be shut down

Tue, 10/29/2013 - 12:34 | 4101752 NotApplicable
NotApplicable's picture

More like billions of dollars of faux valuation to protect from the evil sellers.

Tue, 10/29/2013 - 12:40 | 4101776 Quinvarius
Quinvarius's picture

The market is too small for the amount of money sloshing around making big trades.  The fringes are are getting over run. 

Tue, 10/29/2013 - 12:50 | 4101815 Renewable Life
Renewable Life's picture

The fact you might think there is an actual market is what is "fucking absurd"!

Someone must have tried to sell more then the allotted amount allowed! Dont worry they'll wipe those trades, and reset the system, then you can go back to "trading" your 60% dip strategy or whatever other scheme you trade, that works perfectly in your imagined "market"! (as long as 85 billion a month is injected, and no shorting or selling above the amount is allowed, etc etc)

Tue, 10/29/2013 - 12:55 | 4101840 NDXTrader
NDXTrader's picture

Not sure why you're mad at me about it. I just like to see my calls go up in value

Tue, 10/29/2013 - 12:28 | 4101715 walküre
walküre's picture

Don't call it "market breaks" or something like that. Call it "exit removed". One more exit removed from the casino. Clearly some players are eager to grab what they can and bolt for the exits. Who owns PCLN and what are they waiting for? That it goes to $2,000?

Tue, 10/29/2013 - 12:34 | 4101750 Dr. Engali
Dr. Engali's picture

I'm waiting for the PLCN/Gold 1 to 1 ratio then I'm going to swap out some overpriced crappy paper into some under appreciated shiny metal.

Tue, 10/29/2013 - 12:39 | 4101774 DoChenRollingBearing
DoChenRollingBearing's picture

I dunno, Doc, the first ones off the Titanic were the ones who lived...

Tue, 10/29/2013 - 12:53 | 4101828 Dr. Engali
Dr. Engali's picture

I jumped ship long ago. I'm using throw away money now.

Tue, 10/29/2013 - 12:53 | 4101831 Quus Ant
Quus Ant's picture

Women and children first, DoChen. 

But you're in luck- the bar on deck three is still open.

Tue, 10/29/2013 - 14:04 | 4102166 DoChenRollingBearing
DoChenRollingBearing's picture

Re Deck Three, TODAY is 13 months FOA for me, and I ain´t talking "Friend of Another" here.  At least in stocks, women (and children if advised right) can get out as quickly as we can...

Tue, 10/29/2013 - 12:29 | 4101719 XRAYD
XRAYD's picture

So trading moved to Dow and Es!  No problem. Fed Free Money like water must find a way.

 

Tue, 10/29/2013 - 12:30 | 4101720 firstdivision
firstdivision's picture

How hilariously ironic that SOX is a symbol that was halted.

Tue, 10/29/2013 - 12:30 | 4101726 Jonas Parker
Jonas Parker's picture

NASDAQ has the same computer experts as the Obamacare website employs.

Tue, 10/29/2013 - 12:32 | 4101739 falak pema
falak pema's picture

markets are as human as a bubble. Fama is now so famous that the Nasdaq dare not prove him wrong. So it trips.

Just goes to prove never say no to a 100 $ note blowing in the wind. Famagusta of wind.

Tue, 10/29/2013 - 12:32 | 4101740 The Wisp
The Wisp's picture

So The Algo is Running, the Operator gets the Blue Screen of Death, and Nobody Knows how many Millions they are Loosing..  my kind of Horror scene.. grab some popcorn..

Tue, 10/29/2013 - 12:47 | 4101804 WTFUD
WTFUD's picture

Beware the Algos don't byte ya'll!

Tue, 10/29/2013 - 12:47 | 4101808 HamRove
HamRove's picture

So....buy more Apple, Netflix, and Facebook Stocks?

Cramer says YES!!

Tue, 10/29/2013 - 12:48 | 4101810 STG5IVE
STG5IVE's picture

Oh, I get it.  So now, when the market goes down, they just pull the plug and blame a software glitch.  BRILLIANT!

Tue, 10/29/2013 - 12:50 | 4101819 ivana
ivana's picture

SOX was about to fall trough the fuckin floor. halted for the moment. I am afraid that everything will collapse at same time, in the moment

Tue, 10/29/2013 - 12:50 | 4101820 q99x2
q99x2's picture

Humans will hardly notice.

Tue, 10/29/2013 - 13:18 | 4101959 Petrus Romanus
Petrus Romanus's picture

Question: How is it that a market computer system goes offline and the traders on that market do not pull their WAGER off the table? I could be wrong, but NAZDAQ never went red. This begs the question: how much of an illusion of commerce are we witnessing? A digital fantasy that is as hollow as...... well, something hollow. The odds are on the house already so, why would anyone, when it is obvious that the house is in shambles, actually put their money into the casino? Yet regardless of the observable fallacy of the system the fucking thing goes vertical. What was done during the outage that needed to be hidden? Who benefitted from this "outage"?

Questions, questions,questions.............That need answers!

Tue, 10/29/2013 - 13:50 | 4102106 percyklein
percyklein's picture

Have to get into the microsecond breakdown of just what happened and who did it to learn the answer. What you and I see as price changes and halts is no longer very relevant. It's what the HFT algos see and what they think that matters.  Of course, that is no longer news.

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