Exchanges commonly use circuit breakers as a market-stability tool to mitigate excess volatility and avoid erroneous or highly uninformed trading. Technological advancements have allowed regulators to experiment with innovative circuit-breaker design mechanisms. We evaluate the special quotes...

We investigate the impact of trading halts of NYSE-listed stocks on informationally related securities that continue to trade during the period of the halt. Informational relationships are established for companies in the same four-digit SIC industry based on the correlation of returns, volume,...