Program Trading ‘Collar’ to End
- Share via
Associated Press
NEW YORK — The New York Stock Exchange said today its “collar” restraint on computerized program trading will end on the anniversary of the Oct. 19 crash.
The collar is to be replaced by previously announced measures designed to quell price volatility and restore investor confidence. NYSE officials said the date was just a coincidence because the Securities and Exchange Commission, which must approve such measures, gave the collar a six-month experimental approval on April 20.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
