U.S. SEC to meet exchange heads September 12 over Nasdaq outage

Construction crew work outside the Nasdaq MarketSite in New York's Times Square, August 23, 2013.

Credit: Reuters/Andrew Kelly

By Douwe Miedema

WASHINGTON | Tue Aug 27, 2013 5:28pm BST

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission will meet with heads of the major exchanges on September 12 to discuss last week's Nasdaq trading outage, the regulator said on Tuesday.

The meeting with SEC Chairwoman Mary Jo White would address "the market dissemination system involved in last week's halt, as well as other critical market systems and infrastructure issues," the SEC said.

Nasdaq (NDAQ.O) halted trading in the thousands of stocks listed on its platforms last Thursday, including such familiar names such as Apple Inc (AAPL.O), Facebook Inc (FB.O), Google Inc (GOOG.O) and Microsoft (MSFT.O).

It had done so after learning that a system that consolidates stock prices coming in from different trading platforms, known as the Securities Information Processor, was not disseminating price quotations.

The SEC has asked Nasdaq and NYSE Euronext (NYX.N) to come up with a timeline of the three-hour debacle, but the rivals have been unable to agree on the details, Reuters reported on Monday.

The outage is part of a series of high-profile trading glitches. On Monday, exchange operator Deutsche Boerse (DB1Gn.DE) halted trading on its derivatives platform Eurex for an hour after technical problems.

Also last week, a technical problem at Goldman Sachs (GS.N) resulted in a flood of erroneous orders in U.S. equity options markets. And on August 6, BATS Global Markets faced an outage that lasted nearly an hour.

It was also another black eye for Nasdaq, which in May agreed to pay $10 million to settle SEC charges over its mishandling of the flotation of Facebook.

White has pledged to move ahead aggressively with proposed reforms that would hold exchanges, clearing agencies and certain "dark pool" trading venues more accountable for preventing outages and other technical problems.

(Reporting by Douwe Miedema; Editing by Karey Van Hall, Gerald E. McCormick and Leslie Gevirtz)

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Rita Ora wears plunging sheer top and matching trousers as she heads out for night of partying

By Daily Mail Reporter

PUBLISHED: 11:01 EST, 25 August 2013 | UPDATED: 12:39 EST, 25 August 2013

She's becoming just as well known for her unique dress sense as she is for her catchy pop tunes.

And Rita Ora certainly didn't disappoint when she stepped out in New York on Saturday night, wearing a plunging sheer top matched with baggy trousers.

Wearing a grin on her face, the star was dressed almost entirely in black as she headed to the Electric Lady studio, broken up by a pair of leopard print heels.

Back to black: Rita Ora wore a plunging black top and matching trousers as she headed out in New York on Saturday night

The 22-year-old who is currently over in the US to work on her new material, certainly didn't seem bothered about blending into the crowd as she stepped out.

Looking as provocative as ever, Rita strutted confidently along the street on her own, with her hands thrust into her pockets.

Going without a jacket or coat, the RIP singer was able to show off the full extent of her racy attire during her night out.

Provocative: The star seemed confident as she flashed the flesh in the low-cut top as she left The Electric Lady Studio

Splash of colour: Rita added some bright red lipstick to the look to break up the black

The star showed more than a hint of skin thanks to her low-cut top, with some of her modesty preserved thanks to the sheer mesh panel.

To add a monochrome element to the look she wore a small black handbag over one shoulder and brought a touch of colour thanks to her stand-out shoes.

Rita kept her trademark blonde hair covered up with a black velvet baseball cap, with just tufts of it visible as they poked out from underneath.

Daring decolletage: Rita Ora was a traffic stopper as she bared her cleavage in a plunging blazer while out in New York on Friday

The How We Do star also stuck with her tried and tested red lipstick, which looked dramatic against the black of her outfit, and sugary blue nail polish.

The day before, Rita had worn equally racy attire as she strutted down a New York street during the day, showing off her cleavage yet again in a plunging jacket.

The Albanian-born British beauty prefers to wear nothing at all when she's home.

As Rita told MTV UK: 'I love listening to music, taking my clothes off in the house - I hate wearing clothes in the house - and dancing around! That’s what cheers me up.'

Polished: Even her nails were uniquely styled in cool blue nail polish as she strutted down the sidewalk in her white pumps

Naked is no problem: The Albanian-born British star said that at home she prefers to wear no clothes at all

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Rita Ora wears plunging sheer top and matching trousers as she heads out for night of partying

By Daily Mail Reporter

PUBLISHED: 11:01 EST, 25 August 2013 | UPDATED: 12:39 EST, 25 August 2013

She's becoming just as well known for her unique dress sense as she is for her catchy pop tunes.

And Rita Ora certainly didn't disappoint when she stepped out in New York on Saturday night, wearing a plunging sheer top matched with baggy trousers.

Wearing a grin on her face, the star was dressed almost entirely in black as she headed to the Electric Lady studio, broken up by a pair of leopard print heels.

Back to black: Rita Ora wore a plunging black top and matching trousers as she headed out in New York on Saturday night

The 22-year-old who is currently over in the US to work on her new material, certainly didn't seem bothered about blending into the crowd as she stepped out.

Looking as provocative as ever, Rita strutted confidently along the street on her own, with her hands thrust into her pockets.

Going without a jacket or coat, the RIP singer was able to show off the full extent of her racy attire during her night out.

Provocative: The star seemed confident as she flashed the flesh in the low-cut top as she left The Electric Lady Studio

Splash of colour: Rita added some bright red lipstick to the look to break up the black

The star showed more than a hint of skin thanks to her low-cut top, with some of her modesty preserved thanks to the sheer mesh panel.

To add a monochrome element to the look she wore a small black handbag over one shoulder and brought a touch of colour thanks to her stand-out shoes.

Rita kept her trademark blonde hair covered up with a black velvet baseball cap, with just tufts of it visible as they poked out from underneath.

Daring decolletage: Rita Ora was a traffic stopper as she bared her cleavage in a plunging blazer while out in New York on Friday

The How We Do star also stuck with her tried and tested red lipstick, which looked dramatic against the black of her outfit, and sugary blue nail polish.

The day before, Rita had worn equally racy attire as she strutted down a New York street during the day, showing off her cleavage yet again in a plunging jacket.

The Albanian-born British beauty prefers to wear nothing at all when she's home.

As Rita told MTV UK: 'I love listening to music, taking my clothes off in the house - I hate wearing clothes in the house - and dancing around! That’s what cheers me up.'

Polished: Even her nails were uniquely styled in cool blue nail polish as she strutted down the sidewalk in her white pumps

Naked is no problem: The Albanian-born British star said that at home she prefers to wear no clothes at all

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