New circuit breaker rules passed by SEC for all exchanges

The SEC announced today that it passed the proposed circuit breaker rules for all exchanges. It released separate orders for FINRA and other SROs and electronic trading exchanges. As a primary component of the rules, circuit breakers will now be triggered if a stock falls 10 percent or more within a five-minute period. In that situation, trading in the security would be halted for five minutes. The rules apply to all S&P 500 stocks and implementation will begin as soon as Friday, June 11, 2010. The rules will be in effect through December 10, 2010 as a pilot study.

View SEC Order for FINRA

View SEC Order for other SROs and exchanges

About Alex Akesson

Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.
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