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NYSE Withdraws Market Protections, Over its Own Objections

Traders Magazine Online News, April 3, 2013

Tom Steinert-Threlkeld

The New York Stock Exchange and sister market NYSE MKT Tuesday filed plans with the SEC to shut down their Liquidity Replenishment Point programs, designed to curb the kind of volatility most visibly seen in the May 6, 2010 flash crash. The exchanges, in their filings, said the shuttering of the plans was not their choice. They say they were required to, as part of a separate SEC plan to protect markets from volatility.

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