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Tags: sec

SEC Expands Stocks Under 'Circuit Breakers'

Friday, 10 September 2010 03:23 PM EDT

Federal regulators are expanding the number of stocks covered by new "circuit breakers" that can pause volatile trading, a program in response to the panicked May 6 market plunge.

The Securities and Exchange Commission on Friday approved expansion of the six-month pilot program of circuit breakers for stocks in the Standard & Poor's 500 index. Now all stocks in the Russell 1000 index also will be covered.

The program, which began in mid-June, briefly halts trading of stocks that make big price swings. Trading of covered stocks that rise or fall 10 percent or more within a five-minute span is halted for five additional minutes.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
Federal regulators are expanding the number of stocks covered by new circuit breakers that can pause volatile trading, a program in response to the panicked May 6 market plunge. The Securities and Exchange Commission on Friday approved expansion of the six-month pilot...
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2010-23-10
Friday, 10 September 2010 03:23 PM
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