Free Site Registration

What Minicrash? The AP Tweet Only Caused 1% Movement

Traders Magazine Online News, April 25, 2013

Tom Steinert-Threlkeld

On Tuesday, 1,500 securities dropped 1 to 2 percent in value in the wake of a fake tweet that moved markets. That is far short of the 5 percent move up or down that stops trading in a given stock, under new rules that went in effect April 8, speakers at the Security Traders Conference of New York conference noted Thursday.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?