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Exchanges Prepared to Set Up ‘Kill Switches’

Traders Magazine Online News, September 28, 2012

Tom Steinert-Threlkeld

NYSE Euronext, NASDAQ, BATS and Direct Edge say they are prepared to set up limits on the amount of trading their members conduct in a given trading session and shut them down if they exceed pre-set peaks. The trigger mechanism was spelled out in a comment letter submitted Friday morning to the Securities and Exchange Commission.

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