Nasdaq to Cancel All Trades of Stocks Moving More Than 60%
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Michael P. Regan
May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it will cancel all trades of stocks at prices that were 60 percent above or below the last price at 2:40 p.m. or immediately prior.
The exchange operator said in a statement it will cancel all trades "greater than or less than 60 percent away from the consolidated last print in that security at 14:40:00 or immediately prior."
Nasdaq said it coordinated the decision with all other exchanges.
Last Updated: May 6, 2010 18:14 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=ai9CehsZxjqA&pos=1
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Michael P. Regan
May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it will cancel all trades of stocks at prices that were 60 percent above or below the last price at 2:40 p.m. or immediately prior.
The exchange operator said in a statement it will cancel all trades "greater than or less than 60 percent away from the consolidated last print in that security at 14:40:00 or immediately prior."
Nasdaq said it coordinated the decision with all other exchanges.
Last Updated: May 6, 2010 18:14 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=ai9CehsZxjqA&pos=1