Knight Capital general counsel Leonard Amoruso asks how the individual stock circuit breakers will interact with market-wide circuit breakers, a newly adopted up-tick rule for short sellers and internal circuit breakers imposed by NYSE Euronext and Nasdaq.
The shorts were really squeezed on Valentines Day, and single-stock circuit breakers were tripped when GMCR was up 14% in five minutes.
At the NYSE last Thursday, circuit breakers kicked in when big-company stocks began to crater.
In an earlier post, I wrote about the need for robust circuit breakers that would use real-time market data like a yellow flag to make markets safer and more stable.
If approved, the new limit up-limit down mechanism would replace the existing single stock circuit breakers, which were approved on a pilot basis shortly after the market events of May 6, 2010.
The Paris-based company owns a profusion of brands, including Square D circuit breakers in the U.S., and sells thousands of items for industrial automation and building management.
FORBES: How American-Style Capitalism Jolted France's Schneider Electric
Networks are riddled with circuit breakers that prevent electricity from flowing backward to the substation when voltage drops--the moment when utilities need solar cells and basement battery packs to support the grid.
Sensata produces a range of low-cost, high-value sensors and switches, used for things like car airbags, airplane circuit breakers and switches in large HVAC systems.
Hundreds of thousands of switches and circuit breakers must be operated manually, and the main transmission lines have little instrumentation to monitor the second-by-second flow of electricity from unpredictable new sources like windmills.
Investors are reliving a mini-Sept 2008, and further credit downgrades of developed country debt could just be enough to test the circuit breakers at some global securities exchanges.
应用推荐