“On Thursday, the nation’s three major exchange operators upgraded their rules to help prevent a repeat of the chaos seen on Aug. 24, 2015, when many securities suddenly sank. But a major sticking point remains, according to an official who spoke at an event hours after NYSE Group, Nasdaq Inc. and Bats Global Markets Inc. announced their changes. The U.S. stock market has a circuit breaker that briefly stops all trading when there’s a big enough decline. It imposes a 15-minute pause when a 7 percent drop occurs, another 15-minute suspension at 13 percent, and a full-day halt at 20 percent.”
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