Washington has view to a ‘kill’

In an effort to control the machines on Wall Street, “kill switches” are getting closer to a reality as a way to tap the brakes on frenzied trading powered by high-tech computers. That was at least one of the broad themes that emerged from a day-long round table hosted by the Securities and Exchange Commission in Washington, DC, yesterday, according to a NY Post report..

Wall Street heavyweights including market makers, exchange operators and other industry experts offered up their best suggestions during the six-hour-long confab.  But the concept of a so-called kill switch, which would either shut down errant trades or trigger approvals for certain types of trades, became a consistent refrain....

Read all about it at http://www.nypost.com/p/news/business/dc_has_view_to_kill_5RIgLxXCKfXa3ib1xBdaSI