Limit Up-Down Halt Proposal Hits A Few Speed Bumps

27

June, 2011

A few days after the May 6th Flash Crash last year we received a phone call from a large HFT firm.  They took issue with a few things that we had written and wanted to set the record straight.  The HFT also wanted us to get on board with a market reform that they thought would help prevent another flash crash – limit up/limit down circuit breakers.  Of course, being the skeptical types, we immediately became suspicious about the limit up/limit down breakers.   Since that phone call, over a year

This content is restricted to site members. If you are an existing user, please login. New users may register below.