Welcome to StockForums.info!   

Advertisments:


At what point does the Dow suspend trading?

NYSE Euronext corporation

At what point does the Dow suspend trading?

Postby ashar » Fri Nov 30, 2012 3:36 am

As the Dow drops when do the big boys suspend trading? Is there a level or is it on a case by case basis.
ashar
 
Posts: 46
Joined: Tue Oct 30, 2012 1:45 am

At what point does the Dow suspend trading?

Postby iye38 » Fri Nov 30, 2012 3:37 am

NYSE Adjusts Rules for Trading Halts in New Year
Topics:Stock Market
Companies:NYSE Euronext | Merrill Lynch & Co IncBy Reuters | 01 Jan 2008 | 08:42 PM ET Text Size The New York Stock Exchange has set its criteria for trading halts in the event of a steep
market drop, making only slight changes for the first quarter from the fourth, according to data on the NYSE Web site.

For the first quarter, circuit breakers will kick in if there is a drop of 1,350 points, or 10 percent, in the Dow Jones industrial average.

There will be a one-hour halt in trading if the drop happens before 2 p.m., a 30-minute halt if the decline occurs between 2 p.m. and 2.30 p.m., and no halt after 2.30 p.m., according to the NYSE.

If the Dow drops 2,700 points or 20 percent, there will be a two-hour halt if it happens before 1 p.m., a one-hour halt if the slide occurs between 1 p.m. and 2 p.m. and the market will
halt for the rest of the day if the slide happens after 2 p.m.

A plunge of 4,000 points or 30 percent -- no matter what time it occurs -- would result in the market being closed for the day. The previous trigger was slightly higher at 4,050 points.
iye38
 
Posts: 152
Joined: Tue Jun 26, 2012 3:19 am

At what point does the Dow suspend trading?

Postby stevenson15 » Fri Nov 30, 2012 3:56 am

It's called Trading Curbs....

If the Dow Jones Industrial Average falls 10%, trading is halted on the New York Stock Exchange for 60 minutes.

If the Dow Jones Industrial Average falls 20%, trading is halted on the New York Stock Exchange for two hours.

If the Dow Jones Industrial Average falls 30%, trading is halted on the New York Stock Exchange for the day.
stevenson15
 
Posts: 50
Joined: Thu Oct 04, 2012 7:22 am

At what point does the Dow suspend trading?

Postby percy » Fri Nov 30, 2012 4:07 am

I've only known it to happens twice in my lifetime.
The assassination of JFK and 9/11.
It is all computerized now and there is a system in place but I just don't know how it works well enough to explain it.
percy
 
Posts: 49
Joined: Wed Oct 03, 2012 8:43 pm


Return to Euronext

cron