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Finra guards against halts triggered by off-exchange trades

Taking steps to prevent erroneous trades made in dark pools and other private markets

A US securities regulator is taking steps to prevent erroneous trades made in dark pools and other private markets from accidentally triggering the array of safeguards introduced in the wake of the May 6 "flash crash."

The Financial Industry Regulatory Authority is tightening industry practices after several of the eight trading halts initiated since early June were prompted by off-exchange transactions, including trades in shares of Citigroup and Micron Technology.

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