Nasdaq, which is responsible for listing shares of some of the biggest tech companies in the United States on its exchange, suffered a technical glitch this morning.
What Nasdaq defined as the glitch affected trading for more than two hours before Monday’s open, but the issue was resolved, and the systems are all back up and running.
The company, which is home to thousands of stocks, including Apple, Tesla, and Nvidia, did not give details about how severe the problem was, but it is the second technical glitch that hit the Nasdaq in recent months.
The company shared on its website that the issue was related to the matching engine, a software system that match buy and sell orders.
“The Nasdaq Stock Market has resolved its earlier matching engine issues, and all systems are operating normally. Nasdaq will provide a full postmortem when available,” the company said on its website.
Reuters reported that issues like this can affect markets, impacting traders’ confidence and attracting scrutiny from the Securities and Exchange Commission.
The trading impact from Monday’s glitch represented just 0.8% of all exchange-traded volume, according to a person familiar with the matter who spoke with Reuters.