Reported 4 months ago
Global securities watchdog IOSCO stated that stock exchanges and trading platforms need to develop and disclose plans for managing outages to offer more predictability for customers. This recommendation comes after recent glitches and outages, such as one at the New York Stock Exchange causing significant market swings. IOSCO emphasized the importance of improved preparedness, market resilience, and investor confidence in handling such incidents, suggesting strategies for reopening trading and managing closing auctions to ensure smooth operations and alternative solutions if needed.
Source: YAHOO