I'm trying hard to understand. This means that if I wanted to open a trade or close one when circuit breakers are in effect, I can't. And then what? I can open or close a trade when the circuit breaker is taken off. Is this like when shady exchanges claim they can't process orders when price gyrates and then people get upset?
Does this also mean that it aims to suppress volatility in the market, by design?
Short answer is yes. NYSE, Nasdaq suppresses volatility by design.
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