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Nasdaq to cancel trades

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

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

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