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Nasdaq to cancel trades

A NASDAQ screen above Times Square in a file photo. REUTERS/Lucas Jackson

A NASDAQ screen above Times Square in a file photo.

Credit: Reuters/Lucas Jackson

NEW YORK | Thu May 6, 2010 8:05pm EDT

NEW YORK (Reuters) - Nasdaq Operations 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.

(Reporting by Chuck Mikolajczak; Editing by Andrew Hay)
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (18)
Simplerman wrote:
Can just go back to 1998?

May 06, 2010 8:28pm EDT  --  Report as abuse
faisal7 wrote:
reminds me of the movie Trading Places. except, in the movie, the bad guys actually lost and had to face the consequences.

BUT WORRY NOT, MY BRETHEREN

FOR THE LORD SAID “For verily I say unto you, Till heaven and earth pass, one jot or one tittle shall in no wise pass from the law, till all be fulfilled.” Matthew 5:18

May 06, 2010 8:39pm EDT  --  Report as abuse
Kaneda5000 wrote:
Is this precedent?

May 06, 2010 8:43pm EDT  --  Report as abuse
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