The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s request to set trading curbs for individual stocks, Bloomberg reports. As per the program, stocks with prices of up to $25 will be delayed on Nasdaq for a minute when shares move at least 10% in 30 seconds.
Companies above $25 could see trading halted on Nasdaq for moves of less than 10%. The exchange proposed the restrictions for stocks in the Nasdaq- 100 Index after the May 6 plunge that briefly erased $862 billion in equity value.
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