Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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July 1, 2010

Erroneous Trades Plan

By Peter Chapman

When should a trade be broken? Under new rules proposed by the industry's self-regulatory organizations, trades can be canceled if trading in the stock has been halted and the price is far enough away from the price at which it was halted.

The proposal by FINRA and the nation's exchanges is Part Two of a plan meant to deal with out-of-control markets. Part One dealt with circuit breakers. The initiative follows on the events of May 6. So-called "erroneous" trades would be broken if the price of the stock falls or rises some percentage away from the circuit breaker trigger price.

Stocks fall into three categories:$25.00 or less; between $25.01 and $50.00; and at $50.01 or more. Applicable percentages are 10 percent; 5 percent; and 3 percent, respectively.

 

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