Here comes a huge mess:

Discussion in 'Trading' started by oligali, May 13, 2005.

  1. oligali

    oligali

    NASDAQ Operations has recently updated the status of the following NASDAQ Market System(s) to the NASDAQ Trader website:

    As an update to this morning’s problem, NASDAQ®, in coordination with other exchanges and the Securities and Exchange Commission (SEC), has decided on own its motion, to break any trades in the list of securities executed between 9:19:42 a.m. and 9:40:00 a.m., ET, that executed more than 15% away from the prior close and subject to further assessment with respect to material news disseminated after 4:00 p.m., ET, yesterday. The list of securities affected is available on NASDAQ's website via the latest Head Trader Alert.
     
  2. This isn't the first time they pulled this BS, I don't understand why anyone would trade this market, at least the NYSE specialist is forced to make good on trades!

    I hope no one got burned too bad!

    Mike
     
  3. oligali

    oligali

    I feel bad for the clearing guys who have to sort through the 1600+ stocks on the list....
     
  4. Htrader

    Htrader Guest

    Can anyone point to specific stocks where these off-prints occured?

    That list is HUGE btw.
     
  5. MAXC, QUIP, NHHC, MAYS, ITIC, DJCO, DAIED

    Highs of $950
     
  6. oligali

    oligali

    There were alot more than that. Add CART to that list....