March 18 (Reuters) - Nasdaq, which hosts some
of the biggest U.S. tech giants on its exchange, said on Monday
it was investigating an issue related to connectivity and stock
orders, marking its second technical glitch in months.
The company did not give details about the severity of the
issue, but said it was related to the matching engine - software
systems that match buy and sell orders on an exchange. The
incident started around 4.55 a.m. ET, according to the
exchange's website.
Thousands of stocks are listed on the Nasdaq, including
those of iPhone maker Apple, electric vehicle-maker
Tesla and artificial intelligence semiconductor
powerhouse Nvidia.
Nasdaq did not immediately respond to a request for comment
outside regular business hours in the U.S., but an updated alert
on its website said it had determined the root cause behind the
issue.
The exchange operator had reported similar issues in
December, when stock orders were impacted and over 50 clients at
the exchange were affected.
Nasdaq said on Monday orders sent using the "RASH FIX"
order handling system were not being acknowledged at this time.
FIX, or Financial Information Exchange, is a message
protocol that defines an electronic message exchange for
communicating securities transactions between two parties.
New York Stock Exchange Arca Equities, which specializes in
listings of exchange-traded products, said it had declared a
self-help alert against Nasdaq.
Cboe also said it "has declared self-help against
another market center, or is actively investigating an issue"
without disclosing the identity of the center.
A "self-help" is a notification issued by a trading
exchange when another exchange is dealing with internal problems
processing trades and orders are routed through alternate
venues.