- Jan
- 19
- 2006
- 2:00 PM
Speaking of glitches...
- By: Ray Pellecchia
- File Under: NYSE
The Associated Press' Michael J. Martinez reports: "Computer problems at the Nasdaq Stock Market led to erroneous stock quotes on a number of major online financial news sites and brokerages Thursday, potentially leading individual investors around the world to believe that a stock was up when it was really down, or vice versa."
And naturally, all of the 1,487 stocks affected are listed on the New York Stock Exchange.
The AP watches this stuff like a hawk, because it disseminates data for stock tables in newspapers around the world. That puts the AP in the perfect position to catch Nasdaq in its usual custom of mythinformation, seeking to underplay the problem:
"The Nasdaq's operations notice said 650 transactions were retransmitted, but the Associated Press' computer systems rejected 1,627 transactions that were retransmitted at that time. The rejected transactions involve 1,487 NYSE-listed stocks, including all 28 NYSE stocks in the Dow Jones Industrial Average."
Here is a link to the Associated Press story.
Comment on this entry
Forward this entry to a friend