May 4th, 2011 
davidguide LOS ANGELES (MarketWatch) — An exchange has canceled a single trade executed in Apple Inc. shares Wednesday as it violated its erroneous trade policy, according to a spokesperson at the exchange. One trade of 100 shares was executed at $321.87 during the regular session, and later canceled by BATS, an electronic exchange based in Kansas. “The trade was busted under BATS clearly erroneous trade policy,” a spokesperson said in an e-mailed statement. The price of the trade was 7.6% lower than Apple’s closing price on Tuesday. Apple shares finished Wednesday’s regular trading session at $349.57.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
View full post on Business Stories
Posted in 
Tags: 
