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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: agent99 who wrote (10430)8/7/2002 9:22:00 AM
From: Carole Olkowski   of 12617
 
Message received from Nasdaq Marketdata on 8/6/02 regarding yesterdays bad spike issues in Quote feeds.

> As we discussed, a NASDAQ market participant experienced a system problem
> from 12:04 to 13:05 today. As a result, you may be seeing some bad
trades.
> According to NASDAQ MarketWatch, the participant is not going to cancel
the
> trades. NASDAQ has, however, gone in and cancelled any clearly erroneous
> trades which were causing bad lows and entered by the firm during time
frame
> stated above.
>
> If you have any issues that you believe still have a bad low, NASDAQ
> MarketWatch will research the securities and make a determination on how
to
> proceed.
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