Nasdaq adjusts stock reopening procedure after coronavirus volatility [Reuters (UK)]
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Source: Reuters
Nasdaq adjusts stock reopening procedure after coronavirus volatility - Reuters 3 Min Read NEW YORK, March 13 (Reuters) - Nasdaq Inc is tweaking the process used to reopen following market-wide trading halts to help make the process more orderly after stocks plunged this week over concerns about the coronavirus, according to a regulatory filing. Market-wide circuit breakers were triggered on Monday and Thursday when the S&P 500 plunged 7% shortly after the open as investors tried to assess the impact the coronavirus pandemic would have on the global economy. All U.S. stock trading was paused for 15 minutes, giving investors time to reflect on the moves, before resuming. It was the first time market-wide trading halts, designed to dampen drastic market declines, were triggered since they were introduced after the Black Monday crash of 1987. (Factbox on circuit breakers: reut.rs/2Q3Kp3r ) Currently, when trading is halted, Nasdaq gives brokers a five-minute window in the latter part of
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