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The Big Board's people had applied common sense and — at least on that market — halted the craziness.
AremisSoft's announcement came yesterday afternoon, hours after the Nasdaq stock market halted trading in the company's shares.
Updated, 6 35 p.m. | Before the Nasdaq stock market halted trades just after noon on Thursday, Regado Biosciences had been having a pretty good day.
At one point the US futures market halted trading in cotton options after the price rise hit an upper limit of 7 cents.
The drop stripped more than $2 billion from the company's market valuation before the Nasdaq stock market halted trading in the stock at about 10 30 a.m.
On Thursday, when a problem at the Nasdaq stock market halted trading in all Nasdaq-listed stocks, it brought back memories of past problems at the exchange, which trades shares of some of the world's most prominent technology companies.
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Some markets halted Enron operations and Wall Street braced itself for a blizzard of litigation.
But today's markets halted the decline in morning trading, thanks to the shocking revelation that GM actually turned a profit in the fourth quarter.
At 12 14 p.m., the exchange sent a notice to traders notifying them of the complete market halt.
Mr. Greifeld, who has staunchly defended Nasdaq's response to the market halt amid criticism that the company offered little information about the troubles, added that the market operator was studying additional ways to post information in real time.
The excess demand pressure on the market is thus relieved and the rise in prices (fall of the market rate) halted.
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