Bloomberg: Exchanges Cancel Trades that Sent Kraft Foods Up 29%
"Erroneous trades that sent Kraft Foods Group Inc. (KRFT) up as much as 29 percent in the first minute of trading were canceled by exchanges, the latest incident to fuel scrutiny of the electronic infrastructure of U.S. markets."
WSJ: Kraft Foods Trades Canceled in Latest Glitch
"An initial review of trading data via FactSet showed that all of the
trades at elevated prices were relatively small, with none topping 1,000
shares and most in the 100- to 200-share range. It couldn't be
determined how many of the trades might have originated with one buyer
or seller."
1 comment:
Obviously electronic terrorism by the Keebler Elves.
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