Cisco Shares Halted As Circuit Breaker Kicks In
Trading in Cisco Systems shares was briefly halted in late morning trading Thursday, as the shares soared 10% within a few minutes, triggering the market's SEC-mandated cooling-off circuit breakers.
flash crash
Biz Brief: Washington Post Triggers 'Flash Crash' Circuit Breakers
On Wednesday, The Washington Post Co. became the first U.S. company to have trading of its stock halted by Securities and Exchange Commission circuit breakers imposed following the May 6 market crash.
Circuit Breakers Let Cooler Heads Prevail
Why do time-outs on stock trading make sense? A simple manual cross-check of prices can help mitigate volatility "if things get out of whack," says Doreen Mogavero of Mogavero Lee & Co. in a video interview from the NYSE.
High-Frequency Trader Getco: Hiring SEC Officials Keeps It Ahead of the SEC
Elizabeth King, formerly of the SEC's trading and markets division, has joined Getco's team. How much progress can the SEC make in curbing high-frequency traders like Getco with former SEC leaders on Getco's payroll?
Biz Brief: SEC Approves New 'Circuit Breaker' Rules
Aiming to avoid another "flash crash," federal regulators on Thursday approved new "circuit breaker" rules that would briefly halt trading of some stocks that make big, rapid swings in value.
What's Fueling Stocks' Late-Day Price Swings?
More and more evidence points to high-frequency traders, who could now account for some 50% to 70% of all trades. And some have rules against carrying open positions after the close of trading. Time for a speed limit?
What You Need to Know About High-Frequency Trading
Remember May 6 when the Dow plunged nearly 1,000 points in intraday trading? The tale of a so-called fat finger, where a trader keyed in billions instead of millions, wasn't what happened. Here's the real story.
ETF Lessons From the May 6 Flash Crash
The "flash crash" was a day of reckoning for investors in exchange-traded funds. ETFs didn't cause the meltdown, but they were its victims, and investors will need to adjust their strategies to avoid similar losses in the future.