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 ...
I think we can all be very glad they did not invoke Rule 34.
I think we can all be very glad they did not invoke Rule 34.
Okay - I’ll bite........
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”.
It regulates short sales. Might end up like Rule .303 (breaker Morant). :-)
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