Stock Exchanges Propose Fix to Prevent Another Wild Session
- NYSE, Nasdaq and Bats propose tweaks to how trading halts work
- ‘This is unprecedented collaboration,’ Bats official says
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The major operators of U.S. stock exchanges agreed on a set of rule changes to make their markets more resilient, an attempt to prevent a repeat of a wild trading session in August 2015.
NYSE Group Inc., Nasdaq Inc. and Bats Global Markets Inc. want to address four goals, according to a statement from the companies Thursday, with an emphasis on reducing and improving procedures around trading halts.