Lava, Cummings
Lava Error Halts Trading
A technical glitch in Citi’s Lava Trading platform stopped trading in three stocks in the U.S. markets on Thursday.
Erroneous orders for AT&T, Jefferies and Wyeth from hit the market from Fidelity Capital Management as the market opened. New York Stock Exchange (NYSE) specialists detected the erroneous trades and the exchange reviewed all of the suspect trades that occurred between 9:30 a.m. and 10:26 a.m. local time. NYSE and the Nasdaq Stock Market, which also
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