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Friday, May 7, 2010

19 trades of 100 shares each were executed at 1 cent in seven seconds at market’s vertex

White House doesn't rule out sabotage in market fluctuation...

SEC Probes Causes, Exploitation of Turmoil...

NYSE's Leibowitz Interview on Market Plunge

(Corrects guest's name in headline.) May 6 (Bloomberg) -- Larry Leibowitz, chief operating officer of NYSE Euronext, talks with Bloomberg's Matt Miller and Carol Massar about a 1,000 point drop in the Dow Jones Industrial Average. A total of 19 trades of 100 shares each were executed at 1 cent in seven seconds from 2:47 p.m. to 2:48 p.m. in New York, a minute after the Dow average plunged by the most since the market crash of 1987, data showed.

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