To reduce price volatility in the short term, as it occurs May 6, 2010 at the flash crash, the Investment Industry Regulatory Organization of Trade (IIROC) implements circuit breakers for individual.

Henceforth, the trading of a security will be automatically suspended for five minutes on all Canadian markets when the price of a stock fluctuates at least 10% within five minutes.

These circuit breakers will apply to all securities of the S & P / TSX, as well as the evidence of exchange traded funds (ETFs), funds that are composed primarily of listed securities. All transactions executed during a showing a difference of more than 5% with the course that triggered the circuit breaker will be canceled.


“Kill switches for individually will prove an important tool to reduce the volatility of individual securities trading,” said Susan Wolburgh Jenah, President and CEO of IIROC.

The introduction of circuit breakers is part of the reforms adopted by IIROC in the aftermath of the flash crash May 6, 2010. These reforms include the guidelines in the industry and the investors’ forum in 2011 on the use of certain types of orders in a high-speed multi-market environment and the review and simplification of our current policies and procedures on erroneous transactions and unreasonable.

Release Link:IIROC

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