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Nasdaq's Options Market Has 'Issues,' Halts Some Trading

Nasdaq OMX Group Inc. (NDAQ) on Thursday halted trading in some contracts for the rest of the day on its largest options exchange due to "system issues," according to notices sent to traders.Trading in some options contracts with symbols beginning with the letter Z was halted on Nasdaq's PHLX options exchange, while halts were called for certain contracts linked to the stocks of companies such as International Business Machines Corp. (IBM) and Netflix Inc. (NFLX)."These options will be halted for the remainder of the day while normal trading will continue on NASDAQ OMX PHLX for other symbols. We will continue to communicate to customers when the issue is resolved," said Robert Madden, spokesman for Nasdaq.The issues began with options symbols beginning with Z at 9:48 a.m. EDT, according to a notice from traders. As of Thursday, PHLX lists 20 stocks beginning with Z, including Zynga Inc. (ZNGA), according to a list posted to the exchange operator's website. Meanwhile, trading was halted...

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