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Re: dav1234 post# 8076

Friday, 05/07/2010 2:25:27 AM

Friday, May 07, 2010 2:25:27 AM

Post# of 10237
Nasdaq to Cancel All Trades of Stocks Moving More Than 60%

Last Updated: May 6, 2010 18:14 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=ai9CehsZxjqA&pos=1

May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it will cancel all trades of stocks at prices that were 60 percent above or below the last price at 2:40 p.m. or immediately prior.

The exchange operator said in a statement it will cancel all trades "greater than or less than 60 percent away from the consolidated last print in that security at 14:40:00 or immediately prior."

Nasdaq said it coordinated the decision with all other exchanges.

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