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China securities regulator to better supervise program trading

Source:   Time:

BEIJING, July 31 (Xinhua) -- China Securities Regulatory Commission (CSRC)

said Friday it will strengthen supervision on program trading after recent sharp

ups and downs in the stock market.

Program trading is a type of trading in securities, usually consisting of a basket

of stocks that are executed by a computer program simultaneously based on

predetermined conditions.

The CSRC said program trading amplifies gains and losses and increases market

fluctuations.

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