medium · Market Microstructure mmf-core

If the S&P 500 Index experiences a sharp decline of 7.5% from the previous day's close at 3:35 PM ET, what is the regulatory action according to the U.S. Market-Wide Circuit Breaker rules?

  1. Trading continues without a halt.
  2. A 15-minute market-wide trading halt.
  3. Trading is halted for the remainder of the day.
  4. A 5-minute individual security halt is triggered.

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