Glitch shuts down Nasdaq options market

The Nasdaq shut down trading on one of its options markets on Friday, the latest technical problem to hit the exchange.

Nasdaq OMX said it halted trading at 10:36 a.m. Eastern Time and announced at 2:10 p.m. that it would shut down options trading for the rest of the day. Stock trading on the Nasdaq Stock Exchange was not affected.

Nasdaq decided to halt the options market because it witnessed a surge in orders, which caused the system to stop accepting orders and disseminating quotes, according to a statement from Nasdaq.

Nasdaq did not say when options trading would resume.

The shutdown is the latest glitch at the exchange. Nasdaq indexes weren't updated for about 45 minutes on Tuesday because of a technical problem. On Aug. 22, trading was halted on the Nasdaq Stock Market for three hours because of a separate technical glitch.