NEW YORK, Sept. 4, 2013 (GLOBE NEWSWIRE) -- NASDAQ OMX issued the following statement:
Earlier today, the Securities Information Processor (SIP), which consolidates and disseminates prices for the industry, experienced a six-minute outage in one of six of the quote dissemination channels, specifically in symbols PC through SPZ. The issue was promptly resolved. Trading systems were not affected, and the market closed at the end of the trading day in an orderly manner.
The incident will be reviewed by the Unlisted Trading Privileges Securities Information Processor committee (UTP SIP committee), a 15-member committee of exchanges, market participants and regulators that oversee the system. NASDAQ OMX, the operator of the SIP, communicated closely with the investing public, the UTP SIP committee, market participants, other exchanges and regulators.
A preliminary review of the incident found that the SIP experienced a hardware memory failure in a back-end server at 11:35 a.m. ET, affecting price quotes for a limited range of Tape C securities (PC through SPZ). The system successfully failed over and operated normally to disseminate price quotes.
We will continue to work closely with UTP SIP committee members and regulators to make sure the issues that arose today are addressed.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com . Follow us on Facebook ( www.facebook.com/NASDAQ ) and Twitter ( www.twitter.com/nasdaqomx ). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements:
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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Media Contact: Joseph Christinat +1.646.441.5121 Robert Madden +1 646 441 5045 (office) +1 347 740 0191 (mobile)
