NYSE Announces First-Quarter 2011 Circuit-Breaker Levels

NEW  YORK, December 31, 2010 — The New York Stock Exchange will exercise new circuit-breaker collar trigger levels for first-quarter 2011 effective Monday, Jan 3, 2011.

Circuit-breaker points paint a thresholds during that trade is halted marketwide for single-day declines in a Dow Jones Industrial Average (DJIA).  Circuit-breaker levels are set quarterly as 10, 20 and 30 percent of a DJIA normal shutting values of a prior month, dull to a nearest 50 points.

In first-quarter 2011, a 10-, 20- and 30-percent decrease levels, respectively, in a DJIA will be as follows:

Level 1 Halt

An 1,150-point dump in a DJIA before 2 p.m. will hindrance trade for one hour; for 30 mins if between 2 p.m. and 2:30 p.m.; and have no outcome if during 2:30 p.m. or after unless there is a turn 2 halt.

Level 2 Halt

A 2,300-point dump in a DJIA before 1:00 p.m. will hindrance trade for dual hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for a residue of a day if during 2:00 p.m. or later.

Level 3 Halt

A 3,450-point dump will hindrance trade for a residue of a day regardless of when a decrease occurs.


Circuit-breakers are distributed quarterly.  The commission levels were initial implemented in Apr 1998 and the indicate levels are adjusted on a initial trade day of any quarter.   In 2011, those dates are Jan. 3, Apr 1, Jul 1 and Oct. 3.


Article source: http://feedproxy.google.com/~r/nyse/FmBb/~3/RM_n9hPLp2w/1293793078978.html

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