Prevention of abrupt fluctuations of prices on stock exchange: cancellation of circuit breakers

Abrupt changes of prices at the stock exchange lead to its instability and a threat to the whole social and economic system of the country. However, the current methods of preventing such changes, the most popular of which is to stop exchange trading, do not solve them, but even more often exacerbate the problem. This paper proposes a new tool of smoothing fluctuations in securities’ prices based on a modification of the calculation rules for trading fees at the stock exchange.