Trading

US exchanges to overhaul process to resume trading after halt

NYSE, Nasdaq and Bats operators outline unified measures aimed at smoothing trading activity, nearly a year after the US flash crash

The New York Stock Exchange
The New York Stock Exchange Photo: iStockPhoto

The largest US stock exchanges plan to soon have a common procedure for reopening trading after a halt.

Nearly a year after a wild trading session on August 24, 2015, led to more than 1,000 stock and exchange-traded fund halts in a single day, NYSE Group, a unit of Intercontinental Exchange, Nasdaq and Bats Global Markets outlined a series of planned measures on August 11 aimed at smoothing trading activity. Among the moves will be a unified process by which stocks and ETFs resume trading after a halt.

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