It has been close to a year since the trading halt of over 1,000 stocks and exchange-traded funds in a single day.
As a result, the stock exchanges, Intercontinental Exchange Inc (NYSE: ICE)'s NYSE Group, and Nasdaq Inc (NASDAQ: NDAQ), along with Bats Global Markets, are planning to announce a number of steps to ensure smooth trading. Wall Street Journal indicated there would be a unified process enabling both the ETFs and the stocks to resume trading after a trading halt.
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The move comes after market makers and money managers took the up matter to the SEC in March. The critics of the current setup wanted the regulator to come up with fresh rules to make trading smooth.
There is a circuit breaker model in place to maintain orderly trading. However, critics pointed out the August 24, 2015 Flash Crash taught a lesson or two when ETFs were forced to trade at big discounts compared to their Net Asset Values (NAV).