SEC delays stock market “circuit breaker” system
By Mark Vega
The U.S. Securities and Exchange Commission postponed until Nov. 28, 2011 a decision on the stock exchanges “circuit breaker” system.
Since the May 2010 incident where the U.S. markets crashed almost 1,000 points in minutes, the commission has been putting together a plan “circuit breaker” that would take effect and stop all trading when any U.S. stock or exchange traded fund sees a 10% or more fluctuation within a five minute period.
A ruling was set for Sept 29, 2011 but has now been postponed until Nov. 28, 2011.
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