Nasdaq Plans to Analyze Computer System After Trading Outage
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Nasdaq OMX Group Inc. is developing plans to better communicate with companies listed on its exchange and identify systems that need improvement after a technical malfunction halted trading last week, according to a letter sent to clients.
Nasdaq will be working with regulators, members of the exchange and partners to conduct a “thorough forensic analysis on what happened” and identify areas for improvement, according to the letter. It was sent by Bruce Aust, executive vice president of Nasdaq’s global corporate client group, and Robert McCooey, senior vice president of the global corporate client group, and obtained by Bloomberg News.