Exchanges to discuss outage

Tim Wallace
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AMERICA’S key exchanges will meet with the head of the Securities and Exchange Commission (SEC) next month to discuss last week’s Nasdaq trading outage, the SEC said yesterday.

The meeting will “address the market data dissemination system involved in last week’s halt and other critical infrastructure issues,” the SEC said. It will be headed by SEC boss Mary Jo White.

Trading was stopped after pricing systems ceased working, bringing the market to a halt for two hours.