The New York Stock Exchange on Tuesday invoked Rule 48, a measure designed to smooth the opening of the market amid potentially volatile conditions. The rule allows the exchange's designated market-makers to refrain from disseminating price indications ahead of the opening bell, making it easier and faster to open stocks on days when trading could be volatile. Stock-index futures point to a sharply lower open for stocks.
Tuesday, September 01, 2015
NYSE invokes Rule 48 in effort to smooth market open
http://www.marketwatch.com/story/nyse-invokes-rule-48-in-effort-to-smooth-market-open-2015-09-01?link=MW_home_latest_news
The New York Stock Exchange on Tuesday invoked Rule 48, a measure designed to smooth the opening of the market amid potentially volatile conditions. The rule allows the exchange's designated market-makers to refrain from disseminating price indications ahead of the opening bell, making it easier and faster to open stocks on days when trading could be volatile. Stock-index futures point to a sharply lower open for stocks.
The New York Stock Exchange on Tuesday invoked Rule 48, a measure designed to smooth the opening of the market amid potentially volatile conditions. The rule allows the exchange's designated market-makers to refrain from disseminating price indications ahead of the opening bell, making it easier and faster to open stocks on days when trading could be volatile. Stock-index futures point to a sharply lower open for stocks.
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