[Nettime-bold] NASDAQ Physically Collapsing

[Bruce Sterling <bruces@well.com>]

*Okay, granted,  it's merely a staff headquarters of some kind rather than
an actual, physical Bourse, but it's a very Black September '01 moment
to have the ailing NASDAQ physically collapsing.  --  bruces


Wednesday September 12, 7:26 pm Eastern Time

Nasdaq headquarters on verge of collapse

NEW YORK, Sept 12 (Reuters) - The headquarters of Nasdaq is on the verge of
destruction on Wednesday evening as the building that houses the No. 2 U.S.
stock market was collapsing after an attack laid waste to the nearby World
Trade Center.

All 127 of the Nasdaq's staff were safely evacuated from One Liberty Plaza
after a second hijacked commercial plane crashed into the World Trade
Center, a company spokesman said. Witnesses told Reuters the building is
near collapse.

Nasdaq, which moved into One Liberty less than 6 months ago, is suffering
through a prolonged bear market that is cutting into revenues.

Equity trading on Nasdaq and the New York Stock Exchange, the world's
largest stock market, was shut down on Wednesday for the second straight day
after lower Manhattan was rocked by a pair of hijacked commercial planes
slamming into the twin towers of the World Trade Center.

But Nasdaq is not a physical stock exchange like the NYSE, which is also
located near the World Trade Center. Nasdaq matches buy and sell orders from
various share dealers throughout the world.

Its New York staff -- which represents 10 percent of the company's work
force -- is being relocated to offices elsewhere in the U.S., a spokesman
said. Its other locations include offices in suburban Connecticut,
Washington, Menlo Park, California and Chicago, he said.



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