Bloomberg -- U.S. Securities and Exchange Commission Chairman Mary Jo White said she would push to adopt proposed automated-trading rules after system caused a three- hour halt on the Nasdaq Stock Market.
The failure that affected Nasdaqs system for reporting quotes and trades bolsters the regulators case for the proposal issued in March, White said in a statement yesterday. Stock and options exchanges have pushed the SEC to limit the scope of the rule, including how much information about disruptions must be provided to regulators.
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