CORE DUMP
CORE DUMP
The U.S. House of Representatives, following the lead of the Senate, cleared a bill that would boost the Securities and Exchange Commission's powers to prohibit program-trading during periods of volatility. The bill follows the SEC's claim in a detailed analysis of the mini-crash of Oct. 13 and Oct. 16, 1989, that "index arbitrage and other program selling significantly accelerated and exacerbated the market decline" (TST, July 16).
Meanwhile, the Chicago Board of Trade is proposing a revision
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