Trading Nasdaq News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But that is at least the latest information. we have -- let me get you to hold on ron. we also have brian sullivan. he joins us now from cnbc. we heard a brief statement read by one of your colleagues from the new york stock exchange. what's the latest there? >> reporter: the latest is what you just said open orders will be cancelled. what that means is if you're at home and you want to buy some stock in ibm and you hit buy, if you have not executed that order it will be cancelled because as you have said all floor trading is right now halted at the new york stock exchange. it has been since 1...

Saturday, anyway. >> i'm glad you can laugh. what should we expect when we do resume trading here at the nyse. any impact that we could see as volume ramps back up like you've seen in the past? >> i don't think it would be anything pricewise dramatic. hopefully there will be no major news event between now and the opening, whenever that is, and hopefully there will be a little brief period where people can size up what's going on find out what's actually happening with any orders that are in limbo and get trades out. so unless there is a news event in between, this time out should not change t...

If that raises concerns about whether this is kind of a cyber security issue of some sort given what happened with united this morning. there are fundamental challenges facing the market right now. china's stock market was down another 6% last night despite massive efforts by the chinese government to intervene and support stocks. it didn't work. it doesn't appear that this is that type of fund mental reaction. the market has been down all morning anyway. this does look like a technological problem but the new york stock exchange has not given an explanation as to exactly what's wrong with the...

Viewers and your viewers that back in august 2013 the nasdaq suffered a three-hour outage as well. so to your earlier guest's point about computer system issues this is not just an nyse problem. we have seen this now twice in two years, both with the nasdaq and now with the nyse. >> yeah and brian, it's interesting as well that you point the information or the limited information that we're receiving from the new york stock exchange, as you put it keeping us in the dark here. we're also at this very hour waiting to get more information from united airlines. there's no indication that these two...

Immediate execution will try and avail themselves of nasdaq or any other venues that are open. i think a lot of other people unless you feel pressed, and i don't want to denigrate nasdaq but they're trading nyse-listed securities so they're not in the prime market for that. if we were up and trading nasdaq's securities i would say the same thing about the nyse. people might be a little hesitant wondering whether the markets will be liquid enough and deep enough. certainly they're trading, but you don't have a market maker book necessarily, right handy. so i think the bigger the mutual funds an...