NYSE Urges Stock Exchanges to Change Rules Following Aug. 24
- U.S. exchanges should harmonize rules that restart trading
- Nasdaq's Greifeld says NYSE's failure to open was inexcusable
This article is for subscribers only.
The New York Stock Exchange has called for every U.S. equity market to change their rules to prevent a repeat of the chaotic trading session on Aug. 24.
NYSE Group Inc. said trading halts designed to ease volatility should be longer, and exchange operators in the U.S. should harmonize the rules governing how to restart the stock market. The recommendations, in a report released on Thursday, could stop another haywire session from taking place, NYSE said.