Betty Liu explains: Halted Stock Market Trading & Circuit Breakers

March 13, 2020

Betty Liu explains: Halted Stock Market Trading & Circuit Breakers | Money In :60 | GZERO Media

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Betty Liu, Executive Vice Chairman for NYSE Group, explains:

Why did trading halt momentarily on Monday, March 9?

So, on Monday, what happened was the markets opened and the S&P 500 immediately fell more than 7 percent. That triggered what we call the market wide circuit breaker, and that halts trading for 15 minutes. It allows time for market participants to assess the market conditions and make decisions accordingly. That process worked exactly as designed.

Is this a first time a circuit breaker has been triggered?

So, the modern market wide circuit breaker was put in place back in 2013. And yes, it is the first time that it was triggered. Prior to that in 1997, was the last time we saw a market wide circuit breaker triggered.

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BMW Foundation

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Betty Liu explains: Halted Stock Market Trading & Circuit Breakers

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At the third summit of the so-called “coalition of the willing” for Ukraine on Thursday, French President Emmanuel Macron proposed a multinational “reassurance force” to deter Russian aggression once a ceasefire is in place – and to engage if attacked.

Last week’s arrest of Istanbul Mayor Ekrem Imamoglu sparked the largest anti-government rallies in a decade and resulted in widespread arrests throughout Turkey. Nearly 1,900 people have been detained since the protests erupted eight days ago.

An internal GOP poll found a Republican candidate trailing in a special election for a conservative-leaning district in Florida, forcing US President Donald Trump to make a decision aimed at maintaining the Republican Party’s majority in the House.

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Subscribe to GZERO Media's newsletter: Signal

The Trump administration has dropped multimillion-dollar bounties on senior Afghan officials from the Haqqani network, a militant faction that carried out some of the deadliest attacks on American troops but has now positioned itself as a moderate wing within the Taliban government. But why?

Have you stayed atop GZERO’s news coverage this week? Here’s your chance to prove it.

Canada’s foreign interference watchdog is warning that China, India, and Russia plan on meddling in the country’s federal election. The contest, which launched last weekend, has already been marked by a handful of stories about past covert foreign interventions and threats of new ones.