Trading activity on the Nasdaq Options Market (NOM) -- one of three options markets under the Nasdaq OMX Group, Inc. (NASDAQ:NDAQ) -- has been frozen since 10:56 a.m. This comes just three days after a technical glitch that took index trading offline for a little less than an hour.
The Nasdaq's two other options exchanges are continuing to function normally. The NOM is the NDAQ's second-largest market and the sixth-largest overall, representing 8.1% of all trading volume last month.
NDAQ shares have tumbled on this news. Prior to the outage, the shares were in positive territory, and are now down 0.8% at $35.16.
Please check back for additional information as it breaks.
Update, 12:53 p.m. ET:
Trading remains halted on the NOM after roughly two hours. The exchange is continuing to work on the issues, and is providing updates every 30 minutes. Nasdaq's equities market is still operating normally.
Update, 2:17 p.m. ET:
Options trading on the NOM will remain halted through today's close. The Nasdaq is citing a "significant increase in order entries" as the catalyst for the issue. NDAQ shares are currently off 0.6%, at $35.24.
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