http://www.bloomberg.com/apps/news?pid=20601087&sid=ahZh1lKY...."Oct. 26 (Bloomberg) -- The New York Stock Exchange said it will no longer impose curbs on computer-program trading that were put in place after the crash of 1987, claiming they're no longer as effective in damping swings in prices.
The exchange will stop prohibiting brokerages from entering some program trades when the NYSE Composite Index rises or falls more than 2 percent, according to a notice sent to member firms today. The so-called collars had been in effect since 1988 and were triggered 17 times this year, according to a filing with the Securities and Exchange Commission."
Why would they first remove the uptick rule, thus allowing shorting into a downmove, and then remove the curbs that slow down a severe down move?
and why the hell AREN'T THE DEMOCRATS SCREAMING ABOUT THIS?
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