Replies to post #30448 on T/A ETF AND INDEX

[berniel]

Rule 80B

Effective April 8, 2013, amended Rule 80B will be in effect. Amended Rule 80B replaces:

• the DJIA with the S&P 500 as the benchmark index for measuring a market decline;

• the quarterly calendar recalculation of Rule 80B triggers with daily recalculations; and

• the 10%, 20%, and 30% market decline percentages with 7%, 13%, and 20% market decline percentages.

Amended Rule 80B also modifies:

• the length of the trading halts associated with each market decline level; and

• the times when a trading halt may be triggered.

Specifically, the circuit-breaker halt for a Level 1 (7%) or Level 2 (13%) decline occurring after 9:30 a.m. Eastern and up to and including 3:25 p.m. Eastern, or in the case of an early scheduled close, 12:25 p.m. Eastern, would result in a trading halt in all stocks for 15 minutes. If the market declined by 20%, triggering a Level 3 circuit-breaker, at any time, trading would be halted for the remainder of the day.

A Level 1 or Level 2 halt can only occur once per trading day. For example, if a Level 1 Market Decline was to occur and trading was halted, following the reopening of trading, the NYSE would not halt the market again unless a Level 2 Market Decline was to occur. Likewise, following the reopening of trading after a Level 2 Market Decline, the NYSE would not halt trading again unless a Level 3 Market Decline were to occur, at which point, trading in all stocks would be halted until the primary market opens the next trading day.

[getmenews]

I don't think so!