NYSE Invokes Rule 48 to Ease Market Opening
Rule permits market makers on NYSE no not disseminate price indications ahead of open
The New York Stock Exchange and NYSE MKT cash equities markets have invoked Rule 48 for Monday morning’s stock market open in anticipation of very volatile trading amid a global market slump.
Invoking Rule 48 means designated market makers don’t have to disseminate price indications before the opening bell in an effort to make it easier and faster to open stocks.
It is intended to be invoked only when the potential for extreme market volatility could have a floor-wide impact, according to NYSE.
Source: WSJ – NYSE Invokes Rule 48 to Ease Market Opening
