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SEC Expands Stocks Under 'Circuit Breakers'

Friday, 10 Sep 2010 03:23 PM

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.

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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 Sep 2010 03:23 PM
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