Another tech snafu snarls Nasdaq

It’s like déjà vu all over again for Nasdaq.

Just two weeks after a technical glitch froze trading for nearly three hours, the exchange was hit again yesterday with💫 problems in late-morning trading.

Nasdaq said that its recently maligned Securities Information Processor, or SIP, which consol🙈idates and distributes pricing in its listed stocks to other exchanges, 🎐experienced a “brief outage.”

The hiccup hit at 11:35 a.m. and lasted for six minutes, resulting in trading halts for companies with ticker symbols from PC to SPZ, the exch🅘ange said in a statement.

The🐟 cause of the lates🌱t glitch was still unknown last night, Nasdaq said.

Regulators, Nasdaq and exchanges that disseminate data into the SIP tape are revie𓄧wing t🏅he problem.

On Aug. 22, a much larger glitch halted trading in nearly 3,000 Nasdaq-listed stocks for three hou𒁃rs.

While the latest outage was quickly resolved, the episode only adds to the perce🔴ption that Nasdaq is prone to tech fumbles.

The latest Nasdaq problem was brought to light after rivals BATS and Direct Edge said they had te🐬mporarily stopped transactions for some Nasdaq-listed stocks.

The Securities and Exchange Commission has called for a meeting of the more than a dozen exchange bosses in order to discuss ways to tamp down tech 𒅌problems.

Markets expert Sayena Mostowfi, however, said market participants need to be more underst🐬anding about trading platforms’ problem༒s.

“Glitch-free systems do not exist” she said.

Ironically, Nasdaq’s latest SIP snafu came just hours before the 15-member SIP committee convened via phone to discuss how to better deal with outages like the ꦛone that froze Nasdaq for three hours.

The 90-minute SIP call drew a number of suggestions♎ to stave off another glitch, including increased testing of SIP 𒊎systems and the ability to manually terminate bad connections.