The New York Stock Exchange was yesterday reviewing highly unusual trading in 148 stocks after an electronic trading system run by Knight Capital malfunctioned and revived memories of the flash crash in 2010.
Prices in numerous stocks fluctuated widely during the first 45 minutes of trading and market participants said an algorithm-based order had overwhelmed the market.
The companies included China Cord Blood Corp,which rose as much as 151 per cent on huge volume, while there was unusual trading in the shares of Dole Food, Radio Shack, CoreLogic, and, on European bourses, Unilever, Alcatel-Lucent and Anheuser-Busch.
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