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Nasdaq soon canceled all the trades executed during that period.
Nasdaq said later it would cancel all trades executed during that period.
It eases movement of money and securities from stock and bond trades executed by brokerage firms.
By 9 30, the Nasdaq stock market was opening and customers wanted trades executed immediately.
Last month big derivatives trades executed in London by the unit appeared to be throwing markets out of kilter.
"Compared to the total number of trades executed on U.S. markets, canceling a single transaction like this is statistically insignificant".
Similar(11)
"It could be programmed trades executing when stocks hit those higher levels, or just some profit-taking," said Kevin Caron, market strategist for Ryan, Beck & Company.
By the late 1970s Peterffy had saved $200,000 and founded a company that pioneered electronic stock trades, executing them before the exchanges were even digitized.
I struggle to understand how this can occur with zero risk of having the trade executed.
The average institutional trade executed through a broker costs around 5.5 cents per share, compared with 0.25-2 0.25-2a share available over Ecents
The appointment comes as Citigroup is being investigated by several regulators over a controversial bond trade executed in Europe last August.
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