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SEC approves new rules for exchanges to cancel erroneous stock trades

Source: Star Tribune
Washington : DC : USA | about 1 month ago  
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Federal regulators have approved new rules for stock exchanges for nullifying erroneous trades deemed wildly out of sync with current prices. The Securities and Exchange Commission said Monday the new rules allow an exchange to consider canceling, or "breaking," a stock trade only if the price in...
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  • News Source: Reuters | about 1 month ago
    Securities and Exchange Commission on Monday adopted a single set of rules for "clearly erroneous" trades, eliminating a mixed bag of standards that exchanges used to monitor increasingly electronic trading. So-called clearly erroneous trades can...
  • News Source: Star Tribune | about 1 month ago
    Federal regulators have approved new rules for stock exchanges for nullifying erroneous trades deemed wildly out of sync with current prices. The Securities and Exchange Commission said Monday the new rules allow an exchange to consider canceling, or...
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