FINRA, NASDAQ and NYSE Propose to Again Extend Circuit Breaker and Clearly Erroneous Trade Pilot Programs | Practical Law
An update on the extension of the circuit breaker and clearly erroneous trade pilot programs until the earlier of August 11, 2011 or the effectiveness of a "limit up-limit down" mechanism for controlling excessive market volatility. The proposed extension is effective on filing, subject to a 30-day operative delay period that the SEC may waive.