By Pam Martens: August 22, 2013

The Nasdaq stock market, home to some of the most sophisticated tech companies in America (Apple, Cisco, Intel and Microsoft, to name a few) had another bout of tech problems today, halting trading in all of its member shares and options from approximately 12:14 p.m. until about 3:25 p.m. – just 35 minutes before the closing bell rang at the New York Stock Exchange, which remained open throughout the Nasdaq halt.

The trading fiasco came just two days after Goldman Sachs said it had a computer misfire and issued erroneous trading instructions to three exchanges, resulting in a mess of trade cancellations and potentially tens of millions of dollars in losses.

Nasdaq is rapidly gaining the reputation of a tech exchange that needs some techies. On May 29 of this year,  the SEC fined Nasdaq $10 million for the trading debacle on the day Facebook went public and called its systems “poorly designed.” According to the SEC, more than 30,000 Facebook orders were “stuck in NASDAQ’s system for more than two hours when they should have been promptly executed or cancelled.” George S. Canellos, Co-Director of the SEC’s Division of Enforcement, said the “action against NASDAQ tells the tale of how poorly designed systems and hasty decision-making not only disrupted one of the largest IPOs in history, but produced serious and pervasive violations of fundamental rules governing our markets.”