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Message Subject Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Poster Handle Anonymous Coward
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Business Insider‏@businessinsider

TRADERS ARE GOING TO FLIP OUT: New York Stock Exchange To Cancel Trades Associated With 6 Stocks After Glitch [link to read.bi]
 Quoting: Luisport


KCG on the hook for those losses

I think of MCP, which gapped down about 12%. Many people have stop loss orders, which got triggered by that drop

The stock then rebounded higher. Those people just got sold out of a position they didn't necessarily want to sell - and at a big loss

Who is responsible?

I know thats a minor issue when there is so much trouble going on in the world, but to whoever just lost money, its a pretty big deal

Qu'elle mess!
 
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