3 ms·
>Who decides when a stock get's halted to stop it from tanking? It's partially automated and partially up to the primary market. Each exchange has circuit bre
by chollida1 13y ago
>Who decides when a stock get's halted to stop it from tanking?
It's partially automated and partially up to the primary market.
Each exchange has circuit breakers for detecting large drops in both the stock's price in a short time period and a drop in liquidity. These are also known as non regulatory halts.
Additionally for material news leaks like this there is a mechanism to manually halt trading. These are known as regulatory halts.
- Jabbles 13y agohttp://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts http://www.nasdaqtrader.com/Trader.aspx?id=Tradehalts http://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes http://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes LUDP - Volatility Trading Pause Looks like the circuit breakers were responsible. Edit: Oh, there were two!
- chollida1 13y agoNo you're looking at the 15:29:51 halt, which is a circuit breaker. We were discussing the T3 halt at 14:48:44 which is due to pending news.