Examples of Extraordinary Market Activity in a sentence
The Exchange believes that the broader language provided by the definition of Extraordinary Market Activity in proposed Rule 3100(c) will better serve the interests of investors by allowing the Exchange to act where appropriate.
A Regulatory Halt includes a trading pause triggered by Limit Up Limit Down, a halt based on Extraordinary Market Activity, a trading halt triggered by a Market-Wide Circuit Breaker, and a SIP Halt.
Rule 6121 (Trading Halts Due to Extraordinary Market Activity) sets forth requirements specifically relating to the resumption of trading following a trading pause pursuant to the Regulation NMS Plan to Address Extraordinary Market Volatility (the “Limit Up Limit Down” Plan).
Proposed Rule 3100(c) would authorize the Exchange to implement an Operational Halt for any security trading on the Exchange: • if it is experiencing Extraordinary Market Activity 36 on the Exchange; or • when otherwise necessary to maintain a fair and orderly market or in the public interest.
The Exchange believes that the broader language provided by the definition of Extraordinary Market Activity and the ability to initiate an Operational Halt when necessary to maintain a fair and orderly market will better serve the interests of investors by allowing the Exchange to act where appropriate.Proposed Rule 4120(c)(2) provides theprocess for initiating an Operational Halt.
For example, just as a market disruption might trigger a Regulatory Halt for Extraordinary Market Activity if it affects multiple markets, so a disruption at the Exchange, such as a technical issue affecting trading in one or more securities, could impact trading on the Exchange so significantly that an Operational Halt is appropriate in one or more securities.
Rules 6120(a)(2)(C)(i) and (ii) (to be redesignated as Rules 6120(a)(2)(B)(i) and (ii)) would also be adjusted in two ways to further align FINRA’s authority with the authority for a Primary Listing Market to declare a Regulatory Halt in an NMS stock due to Extraordinary Market Activity under the SIP Plan Amendments.
A declaratory judgement not granting damages on the basis of plain illegality of the administrative activity, could become a sufficiently serious breach if the Community body were to in future violate the terms of the initial Court declaration.
For example, just as a market disruption might trigger a Regulatory Halt for Extraordinary Market Activity (as defined in the Amended Nasdaq UTP Plan) if it affects multiple markets, so a disruption at the Exchange, such as a technical issue affecting trading in one or more securities, could impact trading on the Exchange so significantly that an Operational Halt is appropriate in one or more securities.
First, the Exchange is deleting the current definition of Extraordinary Market Activity in Rule 4120(a)(6), which it proposes to replace with the updated and more extensive definition previously discussed.