While the experts agreed that a kill switch is a smart idea to keep up with technological advances, it shouldn’t be the only line of defense.
“Kill switches shouldn’t replace internal risk controls, they should be a last resort for the firms,” said Jim Toes, president and CEO Security Traders Association. “They should be looking to internal risk controls as their first line of defense.”
Read more: http://www.foxbusiness.com/government/2012/10/02/do-need-market-kill-switch/