By luck, savvy or lightning speed, there were gobs of money to be made from the bargains that came and went in an instant on Thursday.
http://nyti.ms/bhEo3c
On Friday, the Nasdaq market said it would cancel all trades that had occurred in the 20-minute period between 2:40 p.m. and 3 p.m. on Thursday that were 60 percent higher or lower than the last trade at 2:40. "This decision," the exchange noted on its Web site, "cannot be appealed."
http://nyti.ms/bhEo3c
On Friday, the Nasdaq market said it would cancel all trades that had occurred in the 20-minute period between 2:40 p.m. and 3 p.m. on Thursday that were 60 percent higher or lower than the last trade at 2:40. "This decision," the exchange noted on its Web site, "cannot be appealed."
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