Refrigerator Rules; Flash Crash Solution?

19

May, 2010

The SEC has proposed rules, that take effect in June for a six month period, that would halt trading in any security that plunges 10% within a  period of five minutes for a period of five minutes. A circuit breaker is a great idea, and one that should have been self-implemented in a coordinated effort by trading venues in the past. It had not been implemented, as we can only imagine how hard it would have been to get a slew of these fellows in a room to

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