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A sharp drop that drove Anadarko Petroleum Corp.'s (APC) to a penny in the last second of trading Friday exposes a vulnerability in trading rules adopted last month to curb sharp stock swings.Andarko's stock fell from over $90 a share to as low as one penny in fraction of a second and then recovered, closing up $2.22, or 2.5%, to $90.03, according to FactSet. NYSE Euronext (NYX) canceled all trades executed below $87.56 that took place between 3:59 p.m. EDT and 4:00 p.m., according to an alert sent to traders at 4:42 p.m.Last month, exchanges launched a framework to curb sharp stock swings. The so-called limit-up/limit-down system does away with single-stock circuit breakers set up by the Securities and Exchange Commission in the wake of the "flash crash" on May 6, 2010, when the Dow Jones Industrial Average fell nearly 1,000 points in a few minutes.Limit-up/limit-down is designed to prohibit wild price swings by allowing defining valid trades only in within certain price bands. For An...
Some institutional investors that own J.P. Morgan Chase & Co. (JPM) shares are coming out to support James Dimon as both chairman and chief executive ahead of the ba...
Assets in money-market funds declined by $1.04 billion in the week ended Wednesday as withdrawals from retail funds more than offset slight gains to institutional fu...
Here is the ETF Professor's ETF Watch List for Thursday, May 16, 2013.The WisdomTree Japan Hedged Equity Fund (NYSE:DXJ) should be in play.Give the Consumer Staples ...
Deutsche Bank AG on Wednesday named a new head of its U.S. asset and wealth management division for the Americas, effective immediately, as part of the bank's effort...
An arbitration panel has ordered Goldman Sachs & Co. to pay roughly $2.5 million to a client who said she was sold an inappropriate investment in a private-equity fu...
Gold futures fell 2% on Wednesday, as strength in the dollar, a climb in equities and continued outflows from exchange-traded funds sent prices to their lowest level...
Despite constant refrains regarding compelling valuations , Chinese stocks and the corresponding ETFs got off to disappointing start this year. For most China ETFs, ...
Gold futures marked their fourth losing session in a row on Tuesday, with strength in the dollar and a rally in U.S. equities drawing attention away from the preciou...
Dear Dave,Can you please define "necessities" in today's world while trying to get out of debt and live on a budget?-Matthew Dear Matthew,Whether you're talking abo...
A temporary suspension of the U.S. debt ceiling expires on May 19, but the Treasury Department should be able to borrow for several more months by employing unusual ...
India is the "I" in the ubiquitous BRIC acronym. It is Asia's third-largest economy behind China and Japan and the second-largest major emerging markets economy over...
Charles Schwab Corp.'s (SCHW) daily trading volume fell 3% in April from March but climbed 2% from the year-ago period.Like its peers, Schwab has been grappling with...
General Motors Co. shares eclipsed their $33 initial public offering price with investor enthusiasm over its new vehicles and speculation the U.S. government may soo...
Since hitting all-time nominal highs above $1,900 an ounce, the price of gold has suffered an ugly correction. The precious metal recently logged its second consecut...
Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing...
Gold fell for a seventh straight session on Friday, its longest losing streak in four years, after comments from a Federal Reserve official that the bank may soon re...
In less than two months a dizzying array of global central banks have lowered interest rates. The European Central Bank, the Reserve Bank of Australia, the Reserve B...
Here is the ETF Professor's ETF Watch List for Friday, May 17, 2013.Let's see if the First Trust NYSE Arca Biotech Index Fund (NYSE:FBT) can bounce back.Keep an eye ...
Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely wa...
