NYSE calls for coordination among exchanges to ease volatility

The New York Stock Exchange on Thursday recommended reforms to the U.S. equities market which it said could improve stability and prevent a repeat of the wild price swings seen on Aug. 24 during a near-unprecedented bout of volatility. During the volatility on Aug. 24 there were 1,278 halts compared to 39 on a typical day, NYSE, which is owned by Intercontinental Exchange Inc , said in its report. NYSE said longer trading halts could be used to allow buy or sell imbalances to clear before the st