(Bloomberg) -- BlackRock Inc., the world’s biggest asset manager, has its own remedy for days of extraordinary volatility in the U.S. equity market: Shut it down.
Among the fund company’s suggestions: The entire $23 trillion market should automatically come to a halt if a certain number of shares stop trading, giving traders time to regroup on a wild day, according to BlackRock.
Tweaking the rules on halts and making all stock openings electronic are among other ideas in a paper published Wednesday by the firm.
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