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Securities Affected by Market-Wide Clearly Erroneous Ruling


Equity Trader Alert #2010 - 30

NASDAQ OMX Provides Update on Securities Affected by Market-Wide Clearly Erroneous Ruling

Markets Impacted:

Contact Information:



What you need to know:

  • Updated: NASDAQ OMX has updated the list of affected securities and their break points. Please refer to the updated list.
  • - NASDAQ OMXSM reported that we had no technology or system issues associated with the trading that occurred between 2:00 p.m. and 3:00 p.m., ET, today, Thursday, May 6, 2010.
  • - Both NASDAQ® and NASDAQ OMX BXSM (BXSM) operated continuously and the NASDAQ Closing Cross ran successfully.
  • - There is no indication at this time that a NASDAQ market participant experienced a technological failure in connection with this event. There is also no indication that any member firm had a trade error on any NASDAQ OMX system.
  • - We have coordinated a process among U.S. Exchanges and therefore, pursuant to NASDAQ Rule 11890(b), NASDAQ, on its own motion, will cancel all trades executed between 14:40:00 and 15:00:00 greater than or less than 60% away from the consolidated last print in that security at 14:40:00 or immediately prior.
  • - This decision cannot be appealed. NASDAQ OMX has coordinated this decision with all other UTP Exchanges.
  • - NASDAQ will be canceling trades on the participant’s behalf.
  • - Refer to the list of affected securities and the break points on the NASDAQ OMX Trader® website.