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By creating crystal clear and clear specifications for breaking erroneous trades, The brand new policies must assist provide certainty upfront concerning which trades will probably be damaged, and allow market members to better regulate their challenges.[90]
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Technical glitches: An analysis of trading within the exchanges through the times immediately prior to the flash crash reveals technological glitches during the reporting of selling prices about the NYSE and different option investing programs (ATSs) That may have contributed to the drying up of liquidity. According to this principle, specialized problems within the NYSE resulted in delays so long as 5 minutes in NYSE rates becoming claimed about the Consolidated Quotation Program (CQS) with time stamps indicating which the estimates were being existing. Nevertheless, some sector individuals (Those people with entry to NYSE's own estimate reporting system, OpenBook) could see both equally correct existing NYSE offers, plus the delayed but seemingly present CQS prices.