$5.7 Trillion in Shares Locked Up During Glitch at Nasdaq

Friday, August 23, 2013

NASDAQ stock market display. (Bfishadow on Flickr/Wikipedia Commons)

Nasdaq—the world’s largest electronic stock exchange—closed trading for more than three hours on Thursday.

The stock exchange, home to tech giants like Google, Apple and Facebook, says it experienced a malfunction in “disseminating price quotes.”

According to one estimation, as much as $5.7 trillion dollars in shares was locked up.

Nathaniel Popper, a reporter for our partner The New York Times, explains why the malfunctions occurred and the ways this can be prevented in the future.

Guests:

Nathaniel Popper

Produced by:

Tyler Adams

Editors:

T.J. Raphael

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