NEW YORK: IntercontinentalExchange Group’s NYSE Euronext unit has filed a plan with regulators to offer firms that trade on the New York Stock Exchange (NYSE) a “kill switch” that could cut off trading if preset levels were breached.
“The risk management tools will provide member organisations with the ability to segment activity into risk groups and to monitor exposure in real time as trades execute,” NYSE said in a SEC filing.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
