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LEGAL TERMS DIRECTORY
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Circuit BreakersLimits on NYSE trading established in response to October 1987 and October 1989 market breaks. The point drops or increases that trigger circuit breaks are set quarterly as a percentage of DJIA. The collar triggered at a decline or increase of 2% limits arbitrage sell or buy orders on S&P 500 stocks. The collar triggered at a 10% decline halts trading for one hour if before 2 PM ET, or for 30 minutes if between 2 PM ET and 2:30 PM ET. The collar triggered at a 20% decline halts trading for two hours if before 1 PM ET, or for one hour if between 1 PM ET and 2 PM ET, or for the remainder of the day if later. The collar triggered at a 30% decline halts trading for the remainder of the day. Nasdaq follows NYSE in halting trading. So far the only day when the trading was halted because of a decline was on October 27, 1997 due to a 7% decline (point values weren't adjusted to a percentage then). Welcome to our Legal Directory
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Legal & Compliance, LLC 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: 800-341-2684 Local: 561-514-0936 Fax: 561-514-0832 E-mail: LauraAnthonyPA@aol.com www.PublicCompanyCompliance.com |