Philip Tilton Tells Us About The “Rule of 48” | The Global Elite Running And Not Place to Hide | “MASS KILLING PLAN REVEALED”: In Gov’t Plans to DISARM Americans During Economic & Banks Collapse

Exactly What is ‘Rule 48′(From The Wall Street Journal Paper)

If you’re interested. Here’s the text of “Rule 48,” which the NYSE invoked to smooth the open today. Here’s the Cliffs Notes version:

(a) In the event that extremely high market volatility is likely to have a Floor-wide impact on the ability of [Designated Market Makers] to arrange for the fair and orderly opening, reopening following a market-wide halt of trading at the Exchange, or closing of trading at the Exchange and that absent relief, the operation of the Exchange is likely to be impaired, a qualified Exchange officer may declare an extreme market volatility condition with respect to trading on or through the facilities of the Exchange.

(b) In the event that an extreme market volatility condition is declared with respect to trading on or through the facilities of the Exchange, a qualified Exchange officer shall be empowered to temporarily suspend at the opening of trading or reopening of trading following a market-wide trading halt: (i) the need for prior Floor Official or prior NYSE Floor operations approval to open or reopen a security at the Exchange (Rules 123D(1) and 79A.30); and/or (ii) applicable requirements to make pre-opening indications in a security (Rules 15 and 123D(1)).

Dow Jones’ Kristina Peterson explained it pretty well in a story earlier this month. She writes that basically it means the designated market makers “will not have to disseminate price indications before the bell, making it easier and faster to open stocks. The rule was approved by the Securities and Exchange Commission on Dec. 6, 2007 and has been used rarely since then.”

Click for details

The little-used NYSE rule that can tame a wild market

Krysia Lenzo | Mark Koba

Tue, 1 Sep ’15 | 9:10 AM ET

CNBC.com

Rule 48, also known as Exemptive Relief — Extreme Market Volatility Condition,[1] is a mechanism used by the New York Stock Exchange to ease market opening while volatility is high. It may have the effect of pre-empting trading at disrupted prices,[2] as the designated market makers do not have to disseminate price indications prior to the opening bell.[3][4]

The Global Elite Running And Not Place to Hide


God is Tryng to Warm you!: Signs In The Heaven and On Earth – End Times 2016 – 2017


“MASS KILLING PLAN REVEALED”: In Gov’t Plans to DISARM Americans During Economic & Banks Collapse

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s