4 ms·
> Only a single L1 or L2 breaker can occur in a single day. I don't follow. You'd hit 7% before 13%, so how would L2 ever execute?
by jagged-chisel 7y ago
> Only a single L1 or L2 breaker can occur in a single day.
I don't follow. You'd hit 7% before 13%, so how would L2 ever execute?
- _se 7y agoSorry - I meant that neither L1 nor L2 can trigger twice in a day, E.g. down 8%, up 2%, down 9% does not trigger a second L1 breaker.
- jagged-chisel 7y ago> neither L1 nor L2 can trigger twice in a day This phrasing makes sense. Thanks!
- rococode 7y agoEspecially relevant today since after hovering around -5% for most of the session after the first halt, right now we're at -6.9% and threatening to push below 7% again.
- rogerkirkness 7y agoThis means each execute once, not mutually exclusive.
- patleeman 7y agoI'm pretty sure these need to be hit consecutively.
- deleted 7y ago[deleted]
- deleted 7y ago[deleted]
- deleted 7y ago[deleted]
- TeMPOraL 7y agoAs I understand GP: L1 and L2 can each fire only once per day. So if you hit L1, and after a brief rebound the market still goes down, you'll hit L2. If after that it still keeps falling, it'll get stuck at L3.
- seanmccann 7y agoWe hit 7% earlier today. If we hit 7% again today, nothing will happen. If we hit 13% we hit L2.
- jilles 7y agoL1 hit today and there was a 15 minute halt this morning. If the S&P continues to plunge and hit -13% during today, there will be another 15 minute halt.
- ericmay 7y agoIt's only a 15 minute halt. So if you hit 7% and trigger L1, trading is halted for 15 minutes, but then it resumes. If it drops down to 13% another 15 minute trigger happens. But each of the L1 or L2 can only occur in a single day, not one or the other. You can hit L1, and then later hit L2, but you can't hit L1 twice. Does that help clear things up?