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Circuit breakers not sufficient, bourses told

Stock exchanges need additional volatility limits to prevent wild price swings due to aberrrant orders of derivatives contracts, in addition to circuit breakers in cash equity markets.
Circuit breakers not sufficient, bourses told

While Asian exchanges are mulling introducing circuit breakers to prevent price spikes and to dampen volatility, industry players say they aren't a fool-proof solution for stopping aberrant trading algorithms from disrupting the market.

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