Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (8485)	10/16/2000 1:08:16 PM
From: LPS5	Read Replies (3) \| Respond to of 12617

Nasdaq Acknowledges Delays in `SelectNet' Messaging System Washington, Oct. 16 (Bloomberg) -- The Nasdaq Stock Market said its main communications network, SelectNet, hit a technical snag, delaying the transmission of price quotes and trades. The nation's No. 2 stock market was alerted to the delays at 11:10 a.m. New York time by one of its approximately 550 broker-dealer firms. SelectNet was fixed by 11:28 a.m., according to spokesman Scott Peterson. ``After investigation, we found out that it was a runaway processor,'' Peterson said. ``We reset that processor, and it began immediately working off the queue that had been developed.'' As trading soared this year, Nasdaq came under fire for such delays. Automated trading networks like Island ECN, part of Datek Online Holdings, said delays forced them to cover for trades that fell through. Bloomberg News is a unit of Bloomberg LP, which owns the Bloomberg Tradebook LLC trading network. More than 2.3 billion shares traded in Nasdaq on Wednesday, the market's fourth-busiest day. Trading peaked on April 4, when 2.9 billion shares changed hands. © Copyright 2000, Bloomberg L.P. All Rights Reserved.