Why are circuit breakers not used in Australian exchanges such as ASX?

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1 Answer 709
Harry Mitchell

Answered 9 months ago

ASX does not use circuit breakers like those employed by some other international exchanges. ASIC applies a common set of market integrity rules (MIRs) for all securities and futures markets in Australia that all local market operators and their participants are required to adhere to. These rules include specifications about the use of Anomalous Order Thresholds (AOTs), rather than circuit breakers.

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