NASDAQ Expected to Update Reason for Flash Freeze as Soon as Today
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Additional information on last week's NASDAQ (NASDAQ: NDAQ) flash freeze could come as early as today, according to FOX Business Network (FBN) Senior Correspondent Charlie Gasparino. They are waiting on regulatory approval before releasing the info.
"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," Gasparino reported. "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."
UPDATE: Gasparino now says the additional data will be released at 2PM EDT.
"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," Gasparino reported. "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."
UPDATE: Gasparino now says the additional data will be released at 2PM EDT.
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