Why are circuit breakers not used in Australian exchanges such as ASX?
- Submitted by 1 year 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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In Australia, a reverse mortgage is a type of loan that enables homeowners 60 years of age and older to keep living in their home while converting a portion of their home equity into cash or as security. Until the borrower moves out or passes away, the loan is not due. Happy Wheels As time goes on, the loan balance and interest are paid back when the borrower vacates the home. Before choosing to apply for a reverse mortgage, borrowers should carefully weigh the costs and potential effects of the loan against their long-term financial objectives.
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