UPDATE 1-Nasdaq to cancel early trades in seven stocks

* Some trades in first five minutes of trade canceled

NEW YORK, Feb 13 (Reuters) - The Nasdaq Stock Market will
cancel some early Friday trades in seven securities after an
investigation into "potentially erroneous transactions," market
operator Nasdaq OMX said in a note to traders.
The securities affected are: Oshkosh Corp , Pepsi
Bottling Group , Provident Financial Services
Oneok Inc , Newpark Resources , Liberty Property
Trust , and Vanguard Consumer Discretionary .
Nasdaq, the second-biggest U.S. stock market, said it will
cancel all trades between 9.30 a.m. and 9.35 a.m. (1430-1435
GMT) -- the first five minutes of trading -- that were more
than 10 percent away from the Thursday closing prices of the
seven securities.
The decision cannot be appealed, it said.
Earlier in the trading day, Nasdaq said its MarketWatch
regulation team was "investigating potentially erroneous
transactions" and that market "participants should review their
trading activity."
A Nasdaq spokesman did not immediately say what caused the
trading problem.
Most of the securities are listed on the New York Stock
Exchange. An equity can trade on any venue provided buyers and
sellers agree on a price.
(Reporting by Jonathan Spicer; Editing by Tim Dobbyn)
Keywords: NASDAQ/

((jonathan.spicer@thomsonreuters.com; +1-646-223-6253; Reuters
Messaging: jonathan.spicer.reuters.com@reuters.net))
Keywords: NASDAQ/

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