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Nasdaq sets plan to limit swings in single stocks

Wednesday, June 2nd, 2010

Nasdaq sets plan to limit swings in single stocks
Nasdaq OMX Group Inc. NDAQ unveiled a plan to curb volatility in individual stocks, a response to the May 6 “flash crash” in which some stocks fell as low as one penny. The exchange’s new “circuit breaker” which it called Volatility Guard, will pause trading based on predetermined thresholds across all securities listed on the exchange.

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