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Christmas Hangover? Fat-Finger Trade Hits TD Ameritrade Shares

TD Ameritrade, brokerage firm


Shares of online brokerage TD Ameritrade (AMTD) experienced an apparently erroneous trade in Thursday morning’s premarket action.

According to Thomson Reuters (TRI) data, a single trade of 50 shares of TD Ameritrade at $130 was placed at 6:30 a.m. ET, compared with the company’s Tuesday close of $30.44. (U.S. markets were closed on Wednesday in observance of Christmas Day).

Under clearly erroneous trade policies, such a trade would have been busted by the exchange.

At the New York Stock Exchange, where TD Ameritrade is listed, a clearly erroneous trade occurs when there is "an obvious error in any term, such as price, number of shares or other unit of trading."

New York-based NYSE did not immediately respond to a request for comment.

Shares of TD Ameritrade opened smoothly Thursday morning and were recently trading down 0.26% to $30.26, trimming their 2013 rally to 80.6%. 

Follow Matt Egan on Twitter @MattMEgan5