The Exchange has filed with the SEC to add Rule 80C, which would provide
for a trading pause for individual securities for which the Exchange is the primary
listing market if the price of a security in the proposed pilot moves 10% or more from a sale reported to the Consolidated Tape in a preceding five-minute period.
The Exchange is proposing that this rule be implemented on a pilot basis, set to end on December 10, 2010. During this pilot period, the rule would be in effect only with respect to securities included in the S&P 500® Index. During this period, the Exchange will continue to assess whether additional securities need to be added and whether the parameters of the rule would need to be modified to accommodate trading characteristics of different securities.
Please see the below links to an FAQ document covering the Single Stock Trading (proposed Rule 80c) Pause Rule Filing and to the Rule 80c Filing.
For additional information please contact your Relationship Manager or Robert Airo, SVP, Market Operations at 212-656-5663
FAQ Proposed NYSE and NYSE Amex Rule 80C Proposed 80c Rule Filing
Category: Operations
