Nasdaq to Extend Trading After Second Straight Day of Outages - TheStreet

(Updated from 3:09 p.m. ET)


will extend trading for one hour today, to 5 p.m. EDT, after a network problem forced the electronic stock market to temporarily suspend trading through its



Small Order Execution System

, or SOES.

Today marked the second day in a row and the third time this month that the Nasdaq has had problems with its execution system.

A Nasdaq representative couldn't be reached for immediate comment.

Yesterday afternoon,


(MSFT) - Get Report

, which was halted around 11:30 a.m. EDT, reopened for trading, and the Nasdaq began to experience intermittent problems with its quotation system. When efforts to restore the quotation system were unsuccessful, SelectNet and SOES were suspended for around 15 minutes.