Examples of Material SIP Latency in a sentence
A “SIP Halt” includes any Regulatory Halt in one or more securities that a Primary Listing Market declares in the event of a SIP Outage or Material SIP Latency.
SIP Halt” means a Regulatory Halt to trading in one or more securities that a Primary Listing Market declares in the event of a SIP Outage or Material SIP Latency.
Under the proposal, the Primary Listing Market, in consultation with the Operating Committee, would be responsible for determining when this latency has become a Material SIP Latency.Because guidelines are designed as anearly warning system to mobilize decision makers, many latency events that exceed the thresholds in the guidelines would not constitute Material SIP Latency resulting in a SIP Halt.
The definitions of SIP Outage, Material SIP Latency, and Extraordinary Market Activity appear in Section XI(a)(i).
The definitions of SIP Outage, Material SIP Latency, and Extraordinary Market Activity appear in Section X.A.Primary Listing Market will consult, if feasible before declaring a Regulatory Halt, with the affected Trading Center(s), other Participants, or the Processor, as applicable, regarding the scope of the issue and what steps are being taken to address the issue.
The definitions of SIP Outage, Material SIP Latency, and Extraordinary Market Activity appear in Section XI(a)(i).4 SIP Halt Resume Time is defined in Section XI(a)(i)(L) as “the time that the Primary Listing Market determines as the end of a SIP Halt.”5 See Section XI(a)(viii).
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.[(K)] (J) “SIP Halt” means a Regulatory Halt to trading in one or more securities that a [Primary Listing Market] Primary Listing Exchange declares in the event of a SIP Outage or Material SIP Latency.
The definitions of SIP Outage, Material SIP Latency, and Extraordinary Market Activity appear in Section X.A.Listing Market will declare a resumption of trading when it makes a good-faith determination and considers the totality of information to determine that trading may resume in a fair and orderly manner in accordance with its rules.
The Primary Listing Market may declare a Regulatory Halt in trading for any security for which it is the Primary Listing Market: as provided for in the rules of the Primary Listing Market; if it determines there is a SIP Outage, Material SIP Latency, or Extraordinary Market Activity; or in the event of national, regional, or localized disruption that necessitates a Regulatory Halt to maintain a fair and orderly market.
The definitions of SIP Outage, Material SIP Latency, and Extraordinary Market Activity appear in Section X.A.Firms and other market participants, and will make a good-faith determination that the criteria to declare a Regulatory Halt have been satisfied and that a Regulatory Halt is appropriate.