Brokers Wary About Kill Switch Design
Brokerage executives are anxious about mechanisms being designed by stock exchanges that will automatically shut off a firm’s incoming orders, to prevent a market disruption or a spate of erroneous orders.Although the exchanges are considering a “layered” approach, whereby a brokerage receives alerts before a complete shutoff, the Securities and Exchange Commission appears to favor a more abrupt solution.
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed