Canceled Trades From the May 6 'Flash Crash'

Sun, 05/16/2010 - 08:48 EDT - Seeking Alpha

Morningstar submits: By Paul Justiceclick to enlargeComplete Story »

Autopsy Of A Dead Market: The Google Flash-Crash
Still chasing US equities up and down each day? Buying-and-holding large caps for their 'safety'? Reassured that money-on-the-sidelines will take us higher? Waiting for the Great Rotation? Perhaps the following post-mortem from Nanex on today's flash crash in the stock not of some microcap but of nearly $300 billion market cap behemoth Google, will reduce just a little of the fervor over what so many call the stock 'market' and its 'free' and 'efficient' nature.
Flash Crash Mystery Solved
Via Nanex,
Summary Box: New rules for broken trades (AP)
AP - NEW RULES FOR CANCELING TRADES: The Securities and Exchange Commission is putting forward proposed new rules spelling out when and at what prices stock trades would be canceled, a response to last month's "flash crash."
New rules for broken trades proposed (AP)
New rules for broken trades proposed (AP)
Federal regulators on Thursday put forward proposed new rules spelling out when and at what prices stock trades would be canceled, in a response to last month's "flash crash" in the market.
New rules for broken trades proposed (AP)
Federal regulators have put forward proposed new rules spelling out when and at what prices stock trades would be canceled, in a response to last month's "flash crash" in the market.

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