Information Memos

Information Memo  12-23 is available for viewing or printing with Adobe Acrobat
Get Adobe Acrobat Reader

Number 12-23 28 Sep 2012
 
ATTENTION:    
 
TO:   ALL NYSE AND NYSE MKT EQUITIES MEMBERS AND MEMBER ORGANIZATIONS
 
SUBJECT:   New Rule 80B Circuit Breaker Levels for Fourth Quarter 2012

EFFECTIVE October 1, 2012 through December 31, 2012
Rule 80B trading halts will be triggered when the Dow Jones Industrial Average ("DJIA") declines below its closing value on the previous trading day by:
1,350 points (Level 1)
2,700 points (Level 2)
4,050 points (Level 3)

NYSE and NYSE Amex Equities Rule 80B

Whenever a Rule 80B circuit breaker is in effect, trading in all stocks on NYSE and NYSE Amex Equities will halt for the time periods specified below.

Level 1 Halt

anytime before 2:00 p.m. – one hour;

at or after 2:00 p.m. but before 2:30 p.m. – 30 minutes;

at or after 2:30 p.m. – trading shall continue, unless there is a Level 2 Halt.

Level 2 Halt

anytime before 1:00 p.m. – two hours;

at or after 1:00 p.m. but before 2:00 p.m. – one hour;

at or after 2:00 p.m. – trading shall halt and not resume for the rest of the day.

Level 3 Halt

at any time – trading shall halt and not resume for the rest of the day.

A complete discussion of the calculation of trigger values for Rule 80B was published in NYSE Information Memo No. 98-15, dated April 13, 1998, available at HYPERLINK "http://www.nyse.com/nysenotices/nyse/information-memos/pdf?memo_id=98-15"http://www.nyse.com/nysenotices/nyse/information-memos/pdf?memo_id=98-15.

Questions concerning this Information Memo should be directed to Patricia Bergholc, FINRA Market Regulation, at (917) 281-3054, or David De Gregorio, NYSE Regulation, at (212) 656-4166.


NYSE Regulation, Inc




Attachments

Rule 80B Card 10-1-12 (combined).pdf


Back