SEC Unveils Long-Awaited Plan to Reduce Market Volatility
April 06, 2011 at 12:33 PM EDT
U.S. securities regulators have unveiled a plan designed to protect the markets from volatile price swings following the May 6 “flash crash.” The so-called “limit up-limit down” proposal, announced by the SEC on Tuesday, would require trades in U.S.-listed stocks to be executed within a range tied to recent prices. – Reuters