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Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 05:50 PM
Original message
Nasdaq to cancel trades
http://www.reuters.com/article/idUSN0613925120100506?type=marketsNews

NEW YORK, May 6 (Reuters) - Nasdaq Operations (NDAQ.O) said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior. Nasdaq said the stocks affected and break points will be disseminated soon.
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BootinUp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 05:58 PM
Response to Original message
1. Has anything like that ever happened before?
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dems_rightnow Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:02 PM
Response to Reply #1
5. Have never heard of it.
Edited on Thu May-06-10 06:02 PM by dems_rightnow
I'd like to go back a few months and undo some trades.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 05:59 PM
Response to Original message
2. What about NYSE? This wasn't just NASDAQ.
Nevermind OTC.
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maxsolomon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:01 PM
Response to Original message
3. pay no attention to the man behind the curtain
its ALL irrational exuberance!
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jimlup Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:23 PM
Response to Reply #3
9. +1
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piedmont Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:01 PM
Response to Original message
4. They didn't like where the market went so now they declare a "do over?" nt
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Rex Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:03 PM
Response to Original message
6. What timing, I wonder if this is because Greece is about to default?
Updating the Great Server.
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lxlxlxl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:15 PM
Response to Reply #6
8. unlikely...cant wait to hear the explanations...
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gravity Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:09 PM
Response to Original message
7. It will only affect some stocks
Those moving more than 60% in value in that time.
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BootinUp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:23 PM
Response to Reply #7
10. why not 50%
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:39 PM
Response to Original message
11. Bring on the lawsuits.
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jgraz Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:46 PM
Response to Original message
12. What The Fuck?
This is some pretty fucked up shit right here.
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:50 PM
Response to Reply #12
14. Yes, yes it is. nt
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:49 PM
Response to Original message
13. This is going to go over well nt
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