Nasdaq, NYSE consider data sharing deal to prevent trading outages

Nasdaq and the New York Stock Exchange are currently in early talks over what would be an unprecedented partnership after the two leading US stock markets experienced recent halts in trading due to tech problems, The Wall Street Journal reports. The rival exchanges are currently considering a system that would allow each company to run a backup steam of stock-pricing data from the other in the event of an outage, the Journal says. Such an agreement would allow trading to continue as the affected company fixes whatever tech issue it’s having at the time, thanks to help from the competing exchange.

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