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10-29-2007, 04:49 PM
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#11 |
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Senior Member
Join Date: May 2007
Posts: 571
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In the context of the new electronic trading system, it's pretty much completely irrelevant.
Any NYSE stock switches into a manual trading mode if it moves more than a certain amount in 30 seconds. At that point, no more trades will occur until the specialist manually selects a price for the next trade, trading from his firm's account if necessary. Under such a system, trading curbs are redundant and obsolete.
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