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NYSE invokes Rule 48, braces for volatile open
Chicago Tribune ^ | August 18, 2011 | CNN Money

Posted on 08/18/2011 6:41:05 AM PDT by NoNAIS

Rule 48 allows the exchange to suspend price indications that help determine the floor price at the open during regular sessions. Bypassing the requirement helps speed the beginning of trading.

Among the triggers for invoking the rule are “substantial activity in the futures market before the open,” according to the exchange's website.

U.S. stock index futures pointed to a sharply lower open as a report that regulators were intensifying their review of European banks' U.S. units shook up investors.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Business/Economy
KEYWORDS: dow; obamanomics; stockexchange
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To: NoNAIS

I think we can all be very glad they did not invoke Rule 34.


41 posted on 08/18/2011 8:06:05 AM PDT by yefragetuwrabrumuy
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To: yefragetuwrabrumuy

I think we can all be very glad they did not invoke Rule 34.

Okay - I’ll bite........


42 posted on 08/18/2011 8:18:11 AM PDT by NoNAIS (Yet another Government program not needed.)
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To: NoNAIS

The infamous “Internet Rule 34”, is:

“If it exists, there is porn of it. No exceptions.”

It was created by the even more infamous website ‘4chan’, for their /b/ board, which is home to the troublesome group known as ‘Anonymous’.

Oddly enough, there is no “Internet Rule 48”, in that the rules end with “Rule 47”.


43 posted on 08/18/2011 8:29:25 AM PDT by yefragetuwrabrumuy
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To: NoNAIS
I think we can all be very glad they did not invoke Rule 34.
Okay - I’ll bite........

It regulates short sales. Might end up like Rule .303 (breaker Morant). :-)

44 posted on 08/18/2011 8:36:18 AM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


45 posted on 08/18/2011 9:11:48 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


46 posted on 08/18/2011 9:12:24 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


47 posted on 08/18/2011 9:12:29 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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