NYSE wants to revive its volatility curbs

06/2/2013 | Reuters

In preparation for new Securities and Exchange Commission marketwide rules regulating volatile movements in stock prices, NYSE Euronext removed its own volatility-curbing mechanisms. After several stocks experienced unintended sharp moves in recent weeks during times when the SEC's policy was not yet active, NYSE Euronext asked the SEC for permission to reinstate its own curbs. It would "benefit investors, issuers, and market stability by offering an additional layer of protection during the periods currently not covered by” the SEC, according to the exchange.

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