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_pennystock版 - SEC approved 涨停和跌停
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Gmxr ercan someone explain what's going on with YMI recent volume and price changes?
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话题: sec话题: trading话题: may话题: exchanges话题: rules
1 (共1页)
s*********y
发帖数: 209
1
SEC puts in new 'circuit breaker' rules
By MARCY GORDON (AP) – 2 hours ago
WASHINGTON — Federal regulators on Thursday put in place new rules aimed at preventing a repeat of last month's harrowing "flash crash" in the stock market.
Members of the Securities and Exchange Commission approved the rules, which call for U.S. stock exchanges to briefly halt trading of some stocks that make big swings.
The exchanges will start putting the trading breaks into effect as early as Friday for six months. The New York Stock Exchange will begin Friday's trading session with five stocks: EOG Resources Inc., Genuine Parts Co., Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The exchange will gradually add other stocks early next week, expecting to reach by Wednesday the full number that will be covered.
The plan for the "circuit breakers" was worked out by the SEC and the major exchanges following the May 6 market plunge that saw the Dow Jones industrials lose nearly 1,000 points in less than a half-hour.
Under the new rules, trading of any Standard & Poor's 500 stock that rises or falls 10 percent or more in a five-minute period will be halted for five minutes. The "circuit breakers" would be applied if the price swing occurs between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading day.
The idea is for the trading pause to draw attention to an affected stock, establish a reasonable market price and resume trading "in a fair and orderly fashion," the SEC said.
On May 6, about 30 stocks listed in the S&P 500 index fell at least 10 percent within five minutes. The drop briefly wiped out $1 trillion in market value as some stocks traded as low as a penny.
The disruption "illustrated a sudden, but temporary, breakdown in the market's price-setting function when a number of stocks and (exchange-traded funds) were executed at clearly irrational prices," SEC Chairman Mary Schapiro said in a statement. "By establishing a set of circuit breakers that uniformly pauses trading in a given security across all venues, these new rules will ensure that all markets pause simultaneously and provide time for buyers and sellers to trade at rational prices."
Exchange-traded funds are increasingly popular investments that often track a market index such as the S&P 500 and can be traded throughout the day, unlike mutual funds. ETFs as a group were affected by the May 6 plunge more than any other category of securities.
The markets will use the six-month pilot period, ending on Dec. 10, to make needed adjustments based on how the new rules work, the SEC said. The scope of the rules could be expanded to securities beyond the S&P 500, including ETFs.
Schapiro said she wanted to see the program expanded quickly to cover thousands of public companies beyond the S&P 500.
The SEC commissioners approved the new rules on a 5-0 vote. They are taking effect following the agreement by the SEC and the big exchanges, and a 10-day public comment period. They apply to all U.S. exchanges and the Financial Industry Regulatory Authority, the brokerage industry's self-policing organization. Until now, most of the 50 or so U.S. exchanges have regulated themselves and designed their own tools for slowing or halting trading.
During the epic May swoon, the NYSE slowed trading according to its rules but the orders that couldn't be executed migrated in a torrent to electronic exchanges, industry officials have said.
Regulators still don't know exactly what caused the "flash crash," but they wanted to move ahead with remedies. A preliminary picture emerged in a recent report by staffs of the SEC and the Commodity Futures Trading Commission. Investigators have focused on, among other things, a possible link between the steep decline in prices of stock indexes and simultaneous and subsequent waves of selling in individual stocks.
Also being looked at is a severe "mismatch" of liquidity in the market that may have been worsened by the withdrawal of electronic traders and the use of so-called "stop-loss" market orders. Stop-loss orders set the price at which a stock is automatically sold when it declines to a specified level.
Nearly 21,000 trades were canceled because the exchanges deemed them erroneous after the plunge. The SEC is examining whether decisions to cancel trades were made fairly and may propose new rules for cancellation.
During the pilot period, the SEC staff will consider ways to address the risks of "stop-loss" and other market orders, and whether so-called "stub quotes" should be curbed or banned. Market makers use stub quotes as placeholders and they are often far above or below actual stock values. The SEC-CFTC report said their presence at the top and bottom of order books on May 6 may have accounted for many of the canceled trades.
The SEC already has rules requiring market-wide halts in trading if the Dow falls 10 percent, 20 percent or 30 percent. None of them were triggered on May 6. In light of the plunge, the SEC staff and the exchanges are considering changes to those rules, also known as circuit breakers.
RT.
是对所有的股票都是吗?包括垃圾股?那MM岂不是苦死了?不能从拉升和瀑布中暴利?
呜呜。。。为什么早不生效。那我的appy就不用75% sell off了。腰斩
y***q
发帖数: 4147
2
美国没搞头了?
K********g
发帖数: 9389
3
我喜欢哟,再也不愁10分钟暴跌了

【在 y***q 的大作中提到】
: 美国没搞头了?
e*n
发帖数: 1511
4
SEC puts in new 'circuit breaker' rules
By MARCY GORDON (AP) – 2 hours ago
WASHINGTON — Federal regulators on Thursday put in place new rules aimed at
preventing a repeat of last month's harrowing "flash crash" in the stock
market.
Members of the Securities and Exchange Commission approved the rules, which
call for U.S. stock exchanges to briefly halt trading of some stocks that
make big swings.
The exchanges will start putting the trading breaks into effect as early as
Friday for six months. The New York Stock Exchange will begin Friday's
trading session with five stocks: EOG Resources Inc., Genuine Parts Co.,
Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The
exchange will gradually add other stocks early next week, expecting to reach
by Wednesday the full number that will be covered.
The plan for the "circuit breakers" was worked out by the SEC and the major
exchanges following the May 6 market plunge that saw the Dow Jones
industrials lose nearly 1,000 points in less than a half-hour.
Under the new rules, trading of any Standard & Poor's 500 stock that rises
or falls 10 percent or more in a five-minute period will be halted for five
minutes. The "circuit breakers" would be applied if the price swing occurs
between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading
day.
The idea is for the trading pause to draw attention to an affected stock,
establish a reasonable market price and resume trading "in a fair and
orderly fashion," the SEC said.
On May 6, about 30 stocks listed in the S&P 500 index fell at least 10
percent within five minutes. The drop briefly wiped out $1 trillion in
market value as some stocks traded as low as a penny.
The disruption "illustrated a sudden, but temporary, breakdown in the market
's price-setting function when a number of stocks and (exchange-traded funds
) were executed at clearly irrational prices," SEC Chairman Mary Schapiro
said in a statement. "By establishing a set of circuit breakers that
uniformly pauses trading in a given security across all venues, these new
rules will ensure that all markets pause simultaneously and provide time for
buyers and sellers to trade at rational prices."
Exchange-traded funds are increasingly popular investments that often track
a market index such as the S&P 500 and can be traded throughout the day,
unlike mutual funds. ETFs as a group were affected by the May 6 plunge more
than any other category of securities.
The markets will use the six-month pilot period, ending on Dec. 10, to make
needed adjustments based on how the new rules work, the SEC said. The scope
of the rules could be expanded to securities beyond the S&P 500, including
ETFs.
Schapiro said she wanted to see the program expanded quickly to cover
thousands of public companies beyond the S&P 500.
The SEC commissioners approved the new rules on a 5-0 vote. They are taking
effect following the agreement by the SEC and the big exchanges, and a 10-
day public comment period. They apply to all U.S. exchanges and the
Financial Industry Regulatory Authority, the brokerage industry's self-
policing organization. Until now, most of the 50 or so U.S. exchanges have
regulated themselves and designed their own tools for slowing or halting
trading.
During the epic May swoon, the NYSE slowed trading according to its rules
but the orders that couldn't be executed migrated in a torrent to electronic
exchanges, industry officials have said.
Regulators still don't know exactly what caused the "flash crash," but they
wanted to move ahead with remedies. A preliminary picture emerged in a
recent report by staffs of the SEC and the Commodity Futures Trading
Commission. Investigators have focused on, among other things, a possible
link between the steep decline in prices of stock indexes and simultaneous
and subsequent waves of selling in individual stocks.
Also being looked at is a severe "mismatch" of liquidity in the market that
may have been worsened by the withdrawal of electronic traders and the use
of so-called "stop-loss" market orders. Stop-loss orders set the price at
which a stock is automatically sold when it declines to a specified level.
Nearly 21,000 trades were canceled because the exchanges deemed them
erroneous after the plunge. The SEC is examining whether decisions to cancel
trades were made fairly and may propose new rules for cancellation.
During the pilot period, the SEC staff will consider ways to address the
risks of "stop-loss" and other market orders, and whether so-called "stub
quotes" should be curbed or banned. Market makers use stub quotes as
placeholders and they are often far above or below actual stock values. The
SEC-CFTC report said their presence at the top and bottom of order books on
May 6 may have accounted for many of the canceled trades.
The SEC already has rules requiring market-wide halts in trading if the Dow
falls 10 percent, 20 percent or 30 percent. None of them were triggered on
May 6. In light of the plunge, the SEC staff and the exchanges are
considering changes to those rules, also known as circuit breakers.

【在 s*********y 的大作中提到】
: SEC puts in new 'circuit breaker' rules
: By MARCY GORDON (AP) – 2 hours ago
: WASHINGTON — Federal regulators on Thursday put in place new rules aimed at preventing a repeat of last month's harrowing "flash crash" in the stock market.
: Members of the Securities and Exchange Commission approved the rules, which call for U.S. stock exchanges to briefly halt trading of some stocks that make big swings.
: The exchanges will start putting the trading breaks into effect as early as Friday for six months. The New York Stock Exchange will begin Friday's trading session with five stocks: EOG Resources Inc., Genuine Parts Co., Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The exchange will gradually add other stocks early next week, expecting to reach by Wednesday the full number that will be covered.
: The plan for the "circuit breakers" was worked out by the SEC and the major exchanges following the May 6 market plunge that saw the Dow Jones industrials lose nearly 1,000 points in less than a half-hour.
: Under the new rules, trading of any Standard & Poor's 500 stock that rises or falls 10 percent or more in a five-minute period will be halted for five minutes. The "circuit breakers" would be applied if the price swing occurs between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading day.
: The idea is for the trading pause to draw attention to an affected stock, establish a reasonable market price and resume trading "in a fair and orderly fashion," the SEC said.
: On May 6, about 30 stocks listed in the S&P 500 index fell at least 10 percent within five minutes. The drop briefly wiped out $1 trillion in market value as some stocks traded as low as a penny.
: The disruption "illustrated a sudden, but temporary, breakdown in the market's price-setting function when a number of stocks and (exchange-traded funds) were executed at clearly irrational prices," SEC Chairman Mary Schapiro said in a statement. "By establishing a set of circuit breakers that uniformly pauses trading in a given security across all venues, these new rules will ensure that all markets pause simultaneously and provide time for buyers and sellers to trade at rational prices."

e*n
发帖数: 1511
5
我把你的主贴改成相关新闻了。

at preventing a repeat of last month's harrowing "flash crash" in the stock
market.
which call for U.S. stock exchanges to briefly halt trading of some stocks
that make big swings.
as Friday for six months. The New York Stock Exchange will begin Friday's
trading session with five stocks: EOG Resources Inc., Genuine Parts Co.,
Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The
exchange will gradually add other stocks early next week, expecting to reach
by Wednesday the full number that will be covered.
major exchanges following the May 6 market plunge that saw the Dow Jones
industrials lose nearly 1,000 points in less than a half-hour.
or falls 10 percent or more in a five-minute period will be halted for five
minutes. The "circuit breakers" would be applied if the price swing occurs
between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading
day.
establish a reasonable market price and resume trading "in a fair and
orderly fashion," the SEC said.
percent within five minutes. The drop briefly wiped out $1 trillion in
market value as some stocks traded as low as a penny.
market's price-setting function when a number of stocks and (exchange-traded
funds) were executed at clearly irrational prices," SEC Chairman Mary
Schapiro said in a statement. "By establishing a set of circuit breakers
that uniformly pauses trading in a given security across all venues, these
new rules will ensure that all markets pause simultaneously and provide time
for buyers and sellers to trade at rational prices."

【在 s*********y 的大作中提到】
: SEC puts in new 'circuit breaker' rules
: By MARCY GORDON (AP) – 2 hours ago
: WASHINGTON — Federal regulators on Thursday put in place new rules aimed at preventing a repeat of last month's harrowing "flash crash" in the stock market.
: Members of the Securities and Exchange Commission approved the rules, which call for U.S. stock exchanges to briefly halt trading of some stocks that make big swings.
: The exchanges will start putting the trading breaks into effect as early as Friday for six months. The New York Stock Exchange will begin Friday's trading session with five stocks: EOG Resources Inc., Genuine Parts Co., Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The exchange will gradually add other stocks early next week, expecting to reach by Wednesday the full number that will be covered.
: The plan for the "circuit breakers" was worked out by the SEC and the major exchanges following the May 6 market plunge that saw the Dow Jones industrials lose nearly 1,000 points in less than a half-hour.
: Under the new rules, trading of any Standard & Poor's 500 stock that rises or falls 10 percent or more in a five-minute period will be halted for five minutes. The "circuit breakers" would be applied if the price swing occurs between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading day.
: The idea is for the trading pause to draw attention to an affected stock, establish a reasonable market price and resume trading "in a fair and orderly fashion," the SEC said.
: On May 6, about 30 stocks listed in the S&P 500 index fell at least 10 percent within five minutes. The drop briefly wiped out $1 trillion in market value as some stocks traded as low as a penny.
: The disruption "illustrated a sudden, but temporary, breakdown in the market's price-setting function when a number of stocks and (exchange-traded funds) were executed at clearly irrational prices," SEC Chairman Mary Schapiro said in a statement. "By establishing a set of circuit breakers that uniformly pauses trading in a given security across all venues, these new rules will ensure that all markets pause simultaneously and provide time for buyers and sellers to trade at rational prices."

m*********y
发帖数: 10616
6
如果适用于penny,那所有的penny都要死了,因为长跌10%对于penny来说是非常小的,
那我准备推出股市存银行好了。

at preventing a repeat of last month's harrowing "flash crash" in the stock
market.
which call for U.S. stock exchanges to briefly halt trading of some stocks
that make big swings.
as Friday for six months. The New York Stock Exchange will begin Friday's
trading session with five stocks: EOG Resources Inc., Genuine Parts Co.,
Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The
exchange will gradually add other stocks early next week, expecting to reach
by Wednesday the full number that will be covered.
major exchanges following the May 6 market plunge that saw the Dow Jones
industrials lose nearly 1,000 points in less than a half-hour.
or falls 10 percent or more in a five-minute period will be halted for five
minutes. The "circuit breakers" would be applied if the price swing occurs
between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading
day.
establish a reasonable market price and resume trading "in a fair and
orderly fashion," the SEC said.
percent within five minutes. The drop briefly wiped out $1 trillion in
market value as some stocks traded as low as a penny.
market's price-setting function when a number of stocks and (exchange-traded
funds) were executed at clearly irrational prices," SEC Chairman Mary
Schapiro said in a statement. "By establishing a set of circuit breakers
that uniformly pauses trading in a given security across all venues, these
new rules will ensure that all markets pause simultaneously and provide time
for buyers and sellers to trade at rational prices."

【在 s*********y 的大作中提到】
: SEC puts in new 'circuit breaker' rules
: By MARCY GORDON (AP) – 2 hours ago
: WASHINGTON — Federal regulators on Thursday put in place new rules aimed at preventing a repeat of last month's harrowing "flash crash" in the stock market.
: Members of the Securities and Exchange Commission approved the rules, which call for U.S. stock exchanges to briefly halt trading of some stocks that make big swings.
: The exchanges will start putting the trading breaks into effect as early as Friday for six months. The New York Stock Exchange will begin Friday's trading session with five stocks: EOG Resources Inc., Genuine Parts Co., Harley Davidson Inc., Ryder System Inc. and Zimmer Holdings Inc. The exchange will gradually add other stocks early next week, expecting to reach by Wednesday the full number that will be covered.
: The plan for the "circuit breakers" was worked out by the SEC and the major exchanges following the May 6 market plunge that saw the Dow Jones industrials lose nearly 1,000 points in less than a half-hour.
: Under the new rules, trading of any Standard & Poor's 500 stock that rises or falls 10 percent or more in a five-minute period will be halted for five minutes. The "circuit breakers" would be applied if the price swing occurs between 9:45 a.m. and 3:35 p.m. Eastern time — almost the entire trading day.
: The idea is for the trading pause to draw attention to an affected stock, establish a reasonable market price and resume trading "in a fair and orderly fashion," the SEC said.
: On May 6, about 30 stocks listed in the S&P 500 index fell at least 10 percent within five minutes. The drop briefly wiped out $1 trillion in market value as some stocks traded as low as a penny.
: The disruption "illustrated a sudden, but temporary, breakdown in the market's price-setting function when a number of stocks and (exchange-traded funds) were executed at clearly irrational prices," SEC Chairman Mary Schapiro said in a statement. "By establishing a set of circuit breakers that uniformly pauses trading in a given security across all venues, these new rules will ensure that all markets pause simultaneously and provide time for buyers and sellers to trade at rational prices."

s*********y
发帖数: 209
7
some stock of big swings...
那到底是啥stock?到底怎么才算big swings...
....
那看来还是和垃圾股暴涨暴跌没有关系。MM照样可以玩。。。
e*n
发帖数: 1511
8
英语阅读要加强:
Under the new rules, trading of any Standard & Poor's 500 stock that rises
or falls 10 percent or more in a five-minute period will be halted for five
minutes
跟咱们基本没关系

【在 s*********y 的大作中提到】
: some stock of big swings...
: 那到底是啥stock?到底怎么才算big swings...
: ....
: 那看来还是和垃圾股暴涨暴跌没有关系。MM照样可以玩。。。

m*********y
发帖数: 10616
9
是哦

five

【在 e*n 的大作中提到】
: 英语阅读要加强:
: Under the new rules, trading of any Standard & Poor's 500 stock that rises
: or falls 10 percent or more in a five-minute period will be halted for five
: minutes
: 跟咱们基本没关系

c*******r
发帖数: 6971
10
那生拉也不会暴涨暴跌了?

【在 K********g 的大作中提到】
: 我喜欢哟,再也不愁10分钟暴跌了
相关主题
嘉盛集团发布《2011第三季度市场展望》:前路曲折 (转载)Pending home sales climb 5.2% in July
PG:Something Strange Was Going OnMGM
原来是花旗银行造成的错误 (转载)lvlt 是不是要开始了
c*******r
发帖数: 6971
11
哦,呵呵,这算什么涨跌版

five

【在 e*n 的大作中提到】
: 英语阅读要加强:
: Under the new rules, trading of any Standard & Poor's 500 stock that rises
: or falls 10 percent or more in a five-minute period will be halted for five
: minutes
: 跟咱们基本没关系

s*********y
发帖数: 209
12
恩。说的好 !
和我们没有关系。
不过如果可以控制生拉的暴跌,我就举双手双脚赞成!哈
b*****h
发帖数: 3386
13
ft,... zhe bu shi duan le wo men xiong xiong de cai lu me.

five

【在 e*n 的大作中提到】
: 英语阅读要加强:
: Under the new rules, trading of any Standard & Poor's 500 stock that rises
: or falls 10 percent or more in a five-minute period will be halted for five
: minutes
: 跟咱们基本没关系

y***q
发帖数: 4147
14
没事
will be halted for five minutes
过了五分钟后再接着跌。
e*n
发帖数: 1511
15
一帮散户哆哆嗦嗦的等着继续割肉。
我觉得这个idea只能用在流量大的SP500上,小盘股只能添乱。

【在 y***q 的大作中提到】
: 没事
: will be halted for five minutes
: 过了五分钟后再接着跌。

1 (共1页)
相关主题
TSTR Form 10-Q 节选Gmxr er
where will CTIC go?嘉盛集团发布《2011第三季度市场展望》:前路曲折 (转载)
Traders manipulating cheap stocks: market makerPG:Something Strange Was Going On
This Friday market will be open?原来是花旗银行造成的错误 (转载)
还是天朝高瞻远瞩 (转载)Pending home sales climb 5.2% in July
Citigroup Trading Halt Triggered by New Circuit-Breaker (转载)MGM
OPTIONS EXCHANGE REGULATORY FEE<1.4Cents/Contract>lvlt 是不是要开始了
说说我是怎么看狗肾事件的OREX, another vicl?
相关话题的讨论汇总
话题: sec话题: trading话题: may话题: exchanges话题: rules