UPDATE 2-Nasdaq to cancel early trades in seven stocks

* Some trades in first five minutes of trade canceled
* Nasdaq says market participant made trading errors

(Adds Nasdaq explanation)
NEW YORK, Feb 13 (Reuters) - The Nasdaq Stock Market will
cancel some early trades in seven securities after an
investigation found trading errors at another venue, market
operator Nasdaq OMX Group Inc said on Friday.
The securities affected are: Oshkosh Corp , Pepsi
Bottling Group Inc , Provident Financial Services Inc
Oneok Inc , Newpark Resources Inc ,
Liberty Property Trust and Vanguard Consumer
Discretionary ETF .
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 told Reuters "a market participant made
trading errors in those securities this morning on another
market center."
He did not say which participant or which market center was
involved.
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 and Andre
Grenon)
((jonathan.spicer@thomsonreuters.com +1-646-223-6253; Reuters
Messaging: jonathan.spicer.reuters.com@reuters.net))
Keywords: NASDAQ/

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