Liquidity replenishment points, the New York Stock Exchange’s system of curbs to slow trading when prices move rapidly, will be eliminated following instructions from securities regulators, NYSE Euronext said.
The LRPs will begin to be withdrawn next week when new circuit breakers for individual stocks and the broader market go into effect across all equity venues, the exchange said in a proposal submitted to the Securities and Exchange Commission. NYSE objected to ending LRPs, which operate only on its market, saying they benefited investors, according to the filing.
