Experimental rule suspends trading of Citigroup after an error

06/29/2010 | New York Times (tiered subscription model), The

An erroneous trade caused shares of Citigroup to plunge suddenly Tuesday, triggering a recently implemented circuit breaker. The Securities and Exchange Commission recommended implementing the experimental breaker after the May 6 "flash crash." The rule requires stock exchanges to temporarily suspend trading of any individual stock on the Standard & Poor's 500 index that moves 10% or more during a five-minute period.

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New York Times (tiered subscription model), The

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