Industry Seeks Market-Wide Circuit Breakers
NEW YORK—Following the largest intraday drop in the history of the Dow Jones Industrial Average (DJIA), which occurred on May 6, operators of the New York Stock Exchange (NYSE) suggest that market-wide circuit breakers could prevent similar occurrences in the future and industry members are warming to the idea, according to officials.
The NYSE can and did use liquidity refreshment points (LRPs) to switch certain NYSE-listed stocks from automated to auction, or manual, trading mode on May 6, but
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