SEC Expands Circuit Breakers to Cover Russell 1000
CNBC "On-Air Stocks" Editor
As expected, the SEC has expanded the stock circuit breaker program to cover all stocks in the Russell 1000 Index and certain exchange-traded funds (ETFs).
They have also clarified rules for breaking erroneous trades. The breaking of these erroneous trades was a major problem during the Flash Crash; the SEC has sought the occurrence of these trades.
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