More ETFs face SEC trade curbs
The Securities and Exchange Commission (SEC) has proposed to expand the recently released circuit breaker programme to encompass 344 ETFs and all stocks in the Russell 1000 index.
The circuit breaker programme, which was approved earlier in June following the "flash crash" on May 6, is designed to halt trading in a security for a five minute period if the security experiences a 10% price change during the preceding five minutes.
The SEC says the temporary trade curb is intended to give markets a
