Reuters with CNBC reports that The New York Stock Exchange announced plans
on Wednesday to cancel trades in six stocks that were affected by trading
glitches stemming from Knight Capital Group's market-making unit earlier in the
day.
Only five of the six stocks have been named so far. The
affected companies include: Wizzard Software [WZE 4.27
0.77 (+22%) ], Quicksilver [KWK 4.76
0.24 (+5.31%) ], E House [EJ
4.71 --- UNCH ],
American Reprographics [ARC 4.39 0.02
(+0.46%) ] and China Cord Blood
[CO 2.43 -0.04
(-1.62%)...
].
Electronic trading firm Knight Capital Group said Wednesday
that a "technology issue'' in its market-making unit had affected the
routing of shares of about 150 stocks to the New York Stock Exchange, where
abnormal volatility roiled the markets in early trading. Earlier, Knight said in a statement that it had notified its
market-making clients this morning to route NYSE-listed orders to other venues. The company said over-the-counter securities
and trading in its other businesses were not affected….
Read more at http://www.cnbc.com/id/48440646
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