This led to two
triggered trading halts as prices spiked.
Wong blames the 5 percent and 7 percent benchmarks that
trigger a trading halt, and then a suspension, in Chinese trading for undermining the usefulness of the circuit breaker.
The Bitcoin futures climbed up the price ladder by 10 % within just two hours after its ET launch at 6 p.m. thereby
triggering a trading halt for two minutes.
Not exact matches
About two hours after their 6 p.m. ET launch on Sunday, the new futures had climbed 10 percent,
triggering a two - minute
trading halt.
By 10:05 p.m., the bitcoin futures had soared 20 percent,
triggering a five - minute
trading halt.
The bitcoin futures launched under the XBT ticker symbol on the Cboe and
triggered two
trading halts Sunday night due to rapid price gains.
The Cboe's bitcoin futures fell Wednesday,
triggering an early afternoon two - minute
trading halt.
Circuit breakers (
trading halts) were
triggered almost 1,300 times, and the prices of some popular exchange
traded funds (ETFs) disconnected from their underlying assets.
E.g., if an NYSE Rule 80B
trading halt,
triggered by a 10 % or a 20 % decline in the Dow Jones Industrial Average, has been declared in the primary securities market, and
trading in the primary securities market has recommenced, then the 10.0 % or 20.0 % Price Limits shall become inapplicable, respectively.
However, all markets on the
trading floor shall be limited to trading at these price levels (locked limit) and shall not constitute a Triggering Event for purposes of a Temporary Trading Halt on
trading floor shall be limited to
trading at these price levels (locked limit) and shall not constitute a Triggering Event for purposes of a Temporary Trading Halt on
trading at these price levels (locked limit) and shall not constitute a
Triggering Event for purposes of a Temporary
Trading Halt on
Trading Halt on Globex.
If a market for any of the first three (3) contract months is bid or offered at the upper or lower price fluctuation limit, as applicable, on Globex it will be considered a
Triggering Event which will
halt trading for a five (5) minute period in all contract months of the NG futures contract, as well as all contract months in all products cited in the Associated Product Appendix of this rule.
(B)(1)
Triggering Event and Temporary
Trading Halt Related to
Trading on Globex ®.
Within hours of the exchange kicking off
trading for Bitcoin futures at 6PM ET, they soared by 25 percent —
triggering a five - minute
trading halt that's similar to a pause in
trading stocks when prices rise or fall drastically.
On Bitcoin's debut on the CBOE market, two circuit - breakers were
triggered, resulting in
trading being
halted for a few minutes.
Meaning, if the contract
trades at + / - 20 % limit, a
trading halt will not be
triggered and price limits will not expand; instead,
trading will continue at or within the + / - 20 % limit for the remainder of the
trading session.