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NYSE proposes 'kill switch' to help catch trading errors

2013-12-23 21:26:56| Automakers - Topix.net

Risk controls have been a major focus for the securities industry in the wake of high-profile snafus like the August 2012 glitch at Knight Capital Group, now a part of KCG Holdings Inc , that sent a flood of errant orders to the NYSE, nearly sank the firm and led to its takeover by rival Getco.

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