Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

OTC Markets Plans to Reopen After Malfunction Forced Trade Halt

The halt affects over-the-counter equities such as Fannie Mae. Photographer: Andrew Harrer/Bloomberg
The halt affects over-the-counter equities such as Fannie Mae. Photographer: Andrew Harrer/Bloomberg

Nov. 7 (Bloomberg) -- OTC Markets Group Inc. plans to reopen its market at 3 p.m. after a technology malfunction prompted regulators to stop trading of over-the-counter stocks for about three-and-a-half hours.

The OTC system was available after a “network provider issue” was resolved, Chief Executive Officer Cromwell Coulson said in an e-mail. The market will reopen pending a notice from the Financial Industry Regulatory Authority, he said.

The halt affected over-the-counter equities such as Fannie Mae and Freddie Mac, not companies listed by NYSE Euronext or Nasdaq OMX Group Inc. The pause began at 11:25 a.m. New York time today, Finra said on its website.

Link to Company News:{OTCM US <Equity> CN <GO>}

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.