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SAN FRANCISCO (CBS.MW) -- The New York Stock Exchange is implementing new circuit breaker and trading collar rules as of Oct. 1. Trading will halt for one hour if the Dow Jones Industrial Average ($INDU: news, chart, profile) drops 1,000 points before 2 p.m. Eastern. If the drop happens between 2 p.m. and 2:30 p.m., the halt will last half an hour, but if the drop occurs after 2:30 p.m., trading will continue. A drop of 2,050 points before 1 p.m. will stop trading for two hours; if it occurs between 1 p.m. and 2 p.m., the cessation will last one hour; if it happens after 2 p.m., trading ceases for the day. If the DJIA falls 3,050, trading will cease for the rest of the day.

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