FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that more information regarding the NASDAQ flash freeze will be released at 2PM EDT. Gasparino went on to report, NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) is currently “awaiting regulatory approval” and “approval from the” Securities and Exchange Commission (SEC). The new information will detail where pricing problems originated, which sources say “began at NYSE Euronext (NYSE:NYX) Arca Trading Platform.”
Excerpts from the report are below.
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On whether we will get more information regarding the NASDAQ flash freeze today:
“What sources are telling the FOX Business Network that this information, whatever it is, we don’t know exactly what it is, I’m going to surmise what it is after, that this could come as early as today. It’s awaiting regulatory approval, it’s awaiting approval from the SEC – which seems to suggest to me that it’s going to be somewhat significant that the NASDAQ is going to put a little more meat on the bones and be able to describe in more detail how the whole flash crash occurred, how it broke down. The new information will detail where pricing problems originated. Sources say pricing problems began at NYSE Arca Trading Platform. NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) will release additional details on flash freeze at 2pm/EDT.”