Join Our Free Newsletter

Circuit Breaker Trigger Points and Trade Halt Durations for First Quarter*, 2010 for the NYSE, NASDAQ and OTCBB Markets.

Trading-collars...
The NYSE has made a rule filing with the SEC to rescind Rule 80A, or index arbitrage trading restrictions known as "trading collars." The rule will be effective on the date it is posted to the SEC website. Therefore, Rule 80A, which has applied solely to the NYSE market and not to other equities exchanges or trading platforms, will no longer be in effect on the NYSE.

The point decline levels at which trading will be halted change every quarter. Limits are percentage based levels of 10%, 20%, and 30% declines in the Dow. The actual numerical points will be determined based on the state of the market each calendar quarter.

* First Quarter is January, February and March.

* Second Quarter is April, May and June.

* Third Quarter is July, August and September.

* Fourth Quarter is October, November and December.

Adopted on Oct. 19, 1988, circuit breakers originally halted trading for one hour with a 250-point drop and two hours with a 400-point decline. From Feb. 3, 1997 until last April, circuit breakers called for trading halts of 30 minutes and one hour with 350- and 550-point declines, respectively. If triggered in the last 30 or 60 minutes of the trading session, respectively, the market was closed until the next trading day.

Circuit breakers were triggered for the first and only time on Oct. 27, 1997, when the DJIA fell 350 points at 2:35 p.m. and 550 points at 3:30 p.m. That reflected an approximate 7% overall decline and shut the market for the remainder of the day.

Allstocks.com Advertising

© 1997- 2010 Allstocks.com. All rights reserved.