3 ms·
That’s also why there are trading halts built into all major exchanges, so if something triggers a large fall, there is a circuit breaker in the decision proces
by robbiep 8y ago
That’s also why there are trading halts built into all major exchanges, so if something triggers a large fall, there is a circuit breaker in the decision process of 18-48 hours for people to process and digest information
- gricardo99 8y agoJust FYI, NYSE Rule 80B[1] halts trading for 15 minutes, or until the next day if the first 2 levels are breached. CME follows similar rules. 1 - http://wallstreet.cch.com/nyse/rules/nyse-rules/chp_1_3/chp_1_3_4/chp_1_3_4_21/default.asp http://wallstreet.cch.com/nyse/rules/nyse-rules/chp_1_3/chp_...
- greenyouse 8y agoJust for fun here's a link to a 2010 flash crash before those rules were in place where a trillion dollars were dropped in half an hour due to algorithms. https://en.wikipedia.org/wiki/2010_Flash_Crash https://en.wikipedia.org/wiki/2010_Flash_Crash