Regulators Probe Glitch That Led To Canceled NYSE Trades

Law360, New York (August 1, 2012, 6:47 PM EDT) -- Securities regulators are looking into volatile trading activity that led the New York Stock Exchange to cancel all trades in six companies after a trading glitch at a major securities firm caused wild swings in the stocks of 140 companies in early Wednesday trading.

The New York Stock Exchange said in a trader update that it had canceled trades for six small companies that were part of the choppy trading caused by what Knight Capital Group Inc. said was a "rogue algorithm." Although only six stocks...
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