Tuesday, September 30, 2008

NASDAQ glitch creates chaos after hours

... and no real news on this yet.

GOOG shares showed as low as $25 for a few seconds during which some orders actually triggered due to a NASDAQ glitch. RIDICULOUS!!

Quote:
NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security Google Inc Cl - A "GOOG" executed after 15:57:00 today. MarketWatch will advise with details as soon as available. Participants should review their trading activity for potentially erroneous trades and request adjudication through the Clearly Erroneous process within the applicable timeframe for filing pursuant to the rule.
Save Time on Clearly Erroneous Filings!
NASDAQ's Reg Recon (http://www.nasdaqtrader.com/Trader.aspx?id=RegRecon) allows you to quickly and easily view and file trades that qualify as potentially erroneous. No more chasing trades and manually completing the filing forms. Reg Recon pre-populates the form for trades sent to NASDAQ MarketWatch for review.
Let the lawsuites begin

No comments: