Understanding the New Limit Up-Limit Down Initiative

On May 6th, 2010 the U.S. Stock Exchange experienced what is referred to as a flash crash. The results was that one trillion dollars in the paper value of the stock market was temporarily wiped out. In a measure designed to avoid volatile price swings in equity markets the Security Exchange Commission(SEC), and the Financial Industry Regulatory Authority (FINRA)approved a one year pilot program known as the limit up limit down initiative.

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