b********n
发帖数: 38600 | 1 Nasdaq was the first to be halted at 0758ET.
The Dow is now down 850 points from Friday's close and halted... | b********n
发帖数: 38600 | 2 Because "Free markets"?
Hahaha. | b********n
发帖数: 38600 | 3 NYSE Invokes Rule 48 (Once Again) To Pre-Empt Panic-Selling Open
Via NYSE:
Rule 48. Exemptive Relief — Extreme Market Volatility Condition
(a) In the event that extremely high market volatility is likely to have a
Floor-wide impact on the ability of DMMs to arrange for the fair and orderly
opening, reopening following a market-wide halt of trading at the Exchange,
or closing of trading at the Exchange and that absent relief, the operation
of the Exchange is likely to be impaired, a qualified Exchange officer may
declare an extreme market volatility condition with respect to trading on or
through the facilities of the Exchange.
(b) In the event that an extreme market volatility condition is declared
with respect to trading on or through the facilities of the Exchange, a
qualified Exchange officer shall be empowered to temporarily suspend at the
opening of trading or reopening of trading following a market-wide trading
halt: (i) the need for prior Floor Official or prior NYSE Floor operations
approval to open or reopen a security at the Exchange (Rules 123D(1) and 79A
.30); and/or (ii) applicable requirements to make pre-opening indications in
a security (Rules 15 and 123D(1)).
(c) A suspension under section (b) of this Rule is subject to the following
provisions:
(1) (A) Before declaring an extreme market volatility condition, the
qualified Exchange officer shall consider the facts and circumstances that
are likely to have Floor-wide impact for a particular trading session,
including volatility in the previous day's trading session, trading in
foreign markets before the open, substantial activity in the futures market
before the open, the volume of pre-opening indications of interest, evidence
of pre-opening significant order imbalances across the market, government
announcements, news and corporate events, and such other market conditions
that could impact Floor-wide trading conditions.
(B) Such review shall be undertaken in consultation with relevant officers
of NYSE Market and NYSE Regulation, as appropriate. Following the review,
the qualified Exchange officer or his or her designee shall document the
basis for declaring an extreme market volatility condition.
(2) The qualified Exchange officer will, as promptly as practicable in the
circumstances, inform the Securities and Exchange Commission staff that an
extreme market volatility condition has been declared, the basis for such
declaration, and what relief has been granted.
(3) An extreme market volatility condition may only be declared before the
scheduled opening or reopening following a market-wide halt of securities at
the Exchange.
(4) A declaration of an extreme market volatility condition shall be in
effect only for the particular opening or reopening for the trading session
on the particular day that the extreme market volatility condition is
determined to exist. The Exchange may declare a separate extreme market
volatility condition on subsequent days subject to sections (b)(1) through (
b)(3) above.
(5) A declaration of extreme market volatility shall not relieve DMMs from
the obligation to make pre-opening indications in situations where the
opening of a security is delayed for reasons unrelated to the extreme market
volatility condition.
(d) For purposes of this Rule, a "qualified Exchange officer" means the
Chief Executive Officer of ICE, or his or her designee, or the Chief
Executive Officer of NYSE Regulation, Inc., or his or her designee. | g******l
发帖数: 5103 | | b********n
发帖数: 38600 | 5 已经赖到中国身上了
【在 g******l 的大作中提到】
: 左逼媒体早晚得把这笔账赖到中国身上
| f***x
发帖数: 3195 | |
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