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Nasdaq's Latest Pitch for Trading Halts

Traders Magazine, February 1999

Jeffrey L. Winograd

The latest effort by Nasdaq regulators to introduce trading halts on excessively volatile stocks hinges on the March 25 board of governors meeting of the National Association of Securities Dealers.

A subcommittee of the Nasdaq Quality of Markets Committee, charged with studying recent volatility on Nasdaq, had earlier rejected the use of trading halts. Later, the full committee voted against giving Nasdaq senior management discretionary power to introduce halts.

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