Forex trading store

By Jonathan Spicer and Rachelle Younglai

NEW YORK/WASHINGTON, May 8 (Reuters) – U.S. securities regulators are allowing for new curbs to slow stock trades when markets are plunging following Thursday’s dramatic put up to sale-off, two people familiar with the matter said on Saturday.

Securities and Exchange Commission officials are making allowance for whether trading restrictions should be imposed across markets for companies that be favored with fallen a certain percentage within a specific time-frame, one source said.

Another source said more circuit breakers at a stock bring to the same ~ are among many items being discussed and expected to evolve nearest week, adding ‘logistics are tough.’

The sources requested anonymity because the scrutiny is ongoing.

The SEC could not immediately be reached for remark.

The SEC and the Commodity Futures Trading Commission are still afflictive to determine the causes for the massive stock market meltdown fueled ~ the agency of computerized trades that caused a nearly 1,000-point plunge in the Dow Jones pertaining average.

Although the regulators have been working around the clock at in the first stages data since Thursday to find the causes, they have yet to give notice to exchanges of an ‘official inquiry’ into the sell-off, a third source familiar with the review told Reuters. That step would trigger the let go of more information to regulators.

When that data comes, the research will likely focus on who quoted the ‘bids’ and ‘offers’ from one extremity to the other of the market dive, the bid-ask spreads, trading volumes, and a replete list of the canceled trades, the source said.

The third origin added regulators conducting the probe ‘are being diligent’ but said they were still about it despite ongoing jitters on Wall Street.

The source said regulators had moved away from a theory that the stock plunge was called ~ the agency of a trading mistake, or a so-called ‘fat finger’ episode in keyboard premises entry.

Regulators are looking at links between futures and cash markets according to stocks.

At one point on Thursday, at least a half-twelve stocks, including Accenture and Exelon Corp briefly traded for as derogatory as a penny a share.

Critics of the New York Stock Exchange declared the routing of trades to all-electronic venues accelerated selling and exposed the ~iness for market-wide, stock-specific circuit breakers to stop such meltdowns. The NYSE ~ward Friday defended its slowing down of trading on the floor being of the cl~s who prudent in the face of the market plunge.

Trading speeds and volumes accept ramped up in the last few years as regulators encouraged the proliferation of starting a~ trading venues to challenge the incumbent exchanges’ near monopoly. But in the gone year, the SEC had raised some red flags about the fragmented marketplace and likewise-called high-frequency trading, although it has made few changes.

(Additiona reporting and penmanship by David Lawder; editing by Mohammad Zargham) Keywords: MARKETS SELLOFF/

(david.lawder@thomsonreuters.com; +1 202 898 8395; Reuters Messaging: david.lawder.reuters.com@reuters.net)

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