Nasdaq Data Feeds Hit by Network Outage at Carteret Facility
NDAQ sits 22% above its 52-week low of $76.55 on light trading volume (0.3× avg).
Summary
Nasdaq's Carteret facility is suffering a network disruption that is causing intermittent data gaps across all of its US equities markets, per a system status message. The outage hits the core exchange business — the feeds brokers and market makers rely on to price and route trades — so the immediate risk is trading halts, order-routing problems, and regulatory scrutiny rather than a direct revenue hit. This is the first operational failure disclosed in a stretch dominated by expansion news: the Kalshi surveillance deal in August, the LeveL Markets acquisition, the Dasseti close in September, and the $100 million Kraken investment. Nasdaq's Q2 showed 15% revenue growth and 25% EPS growth, so the franchise is strong, but an exchange outage is exactly the kind of event that draws SEC attention and customer complaints.
At the time of this announcement, NDAQ was trading at $93.47 on NASDAQ in the Finance sector, with a market capitalization of approximately $52.2B. The 52-week trading range was $76.55 to $101.79. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.