The NASDAQ OMX Group (Nasdaq:NDAQ) today applauded the U.S. Securities and Exchange Commission (SEC) for its leadership in connection with the submission of stock-by-stock circuit breaker proposals by the equity markets. Those proposals provide uniform market-wide standards for pausing trading in individual securities in the S&P 500(R) Index that experience a rapid price movement. Furthermore, we commend the SEC and CFTC for publishing their preliminary findings concerning market events of May 6. NASDAQ OMX supports adoption of market-wide practices and supports the SEC and the CFTC with their ongoing review.
NASDAQ OMX is committed to continuing working with other U.S. markets and the SEC to examine and respond to the causes of the May 6 market event.
