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Nevertheless, market-wide U.S. circuit breakers were instituted in 1988.
Since 1997, market-wide breakers have been triggered precisely … never.
As such, the S.E.C. updated market-wide circuit breakers first adopted more than two decades ago.
In headier times, G.E.'s announcement might have spurred a market-wide rally.
"As such, the prospect of a market-wide oversupply looks remote.
And Madoff was running money largely for an élite clientele, which gained access to his services primarily through inside connections, limiting the market-wide impact of his malfeasance.
The commission described them as a step in the right direction, but added that it would continue to look at "further market-wide reforms".
"This is to take into account the fact that all firms at present are experiencing a market-wide stress," the FSA said.
The bank failed in the midst of a market-wide financial meltdown in Reykjavik that ultimately forced Iceland to seek a bailout from the International Monetary Fund.
While it's true that electronic exchanges require trading software to be certified before it is used, there is no market-wide standard for testing the software and nothing to effectively stop a firm from trading with uncertified software.
The SEC has suggested a more rigorous, co-ordinated market-wide system of "circuit breakers", which would require all exchanges to stop or slow trading for a few minutes if the market experiences a certain rate of decline.
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