SEC requires uniform system for US stock exchanges

Published July 11, 2012 8:10pm ET



WASHINGTON (AP) — U.S. stock exchanges and markets must establish a uniform system for tracking all orders and trades under a rule approved Wednesday.

The Securities and Exchange Commission said the requirement is intended to make it easier for the government to investigate market disruptions, such as the “flash crash” two years ago that sent the Dow Jones industrial average plummeting nearly 600 points in five minutes.

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