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Thumbs Up for Limit Up/Limit Down

Traders Magazine, August 2011

Peter Chapman

The trading community likes the proposed limit up/limit down rule, but still has quibbles. In April, the securities exchanges and the Financial Industry Regulatory Authority proposed a reworking of the trading halt mechanism put in place after last year's "flash crash." As Traders Magazine was going to press, comment letters began streaming into the Securities and Exchange Commission.

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