The nation’s stock exchanges and the Financial Industry Regulatory Authority Wednesday filed a proposal to establish a new “limit up-limit down” mechanism that would limit swings in stock prices, during periods of volatility.
Under the proposal, trades in listed stocks would have to be executed within a range tied to recent prices for that security, the Securities and Exchange Commission said.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access