Financial Times FT.com

NYSE halts erroneous trades

By Anuj Gangahar in New York

Published: June 29 2007 01:57 | Last updated: June 29 2007 01:57

The New York Stock Exchange was forced to halt trading in three stocks early on Thursday after erroneous orders from a broker were spotted by an NYSE specialist.

The specialist’s action was seen by some observers as a vindication of the exchange’s hybrid system, which combines electronic trading with the more traditional floor-based model.

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