The Securities and Exchange Commission is asking the nation’s stock exchanges to introduce “kill switches” and other technological changes after the latest in a long line of computer problems scrambled stock trading.
The relatively new chairwoman of the agency, Mary Jo White, asked for the changes at a meeting on Thursday with the top executives of the nation’s exchanges. The exchanges will be expected to propose specific technology upgrades and new rules in the next 60 days, according to people at the meeting.
via Regulators Ask Financial Markets to Improve Technology – DealBook
