Nasdaq Shut to Stop ‘Information Asymmetry,’ CEO Says
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Nasdaq OMX Group Inc. halted trading of its listed stocks for three hours yesterday because a computer problem left some investors without quotes and the company did not want to have “information asymmetry,” Chief Executive Officer Robert Greifeld said in interviews today.
The exchange had a constant “open line” of communication with rivals and regulators during the outage, Greifeld told Bloomberg Television’s Betty Liu in an interview from Nasdaq offices today.