Investor Bulletin¶
U.S. Securities and Exchange Commission. (2012). Investor Bulletin: Measures to Address Market Volatility" / Market-Wide Circuit Breakers. SEC Press.
Retired. This is not a bibliographic entry. Our extractor captured an inline prose definition from an article and stored it as a work. The concept is real; this registry record is a parsing defect. This entry is kept so the citations that pointed at it still resolve, and so the correction is visible rather than silent.
Cited by¶
5 citations across 5 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Rate Limiting
- In financial regulation it is trading circuit-breakers, transaction-velocity caps, and card-transaction-rate fraud heuristics.
This sourceDescribes market-wide circuit-breaker thresholds (7%, 13%, 20%) and single-stock limit up–limit down bands that halt trading when price-move rates exceed set bounds — rate limits on trading.
- In financial regulation it is trading circuit-breakers, transaction-velocity caps, and card-transaction-rate fraud heuristics.
Mechanisms¶
- Cascade Circuit Breaker
- It is wired to a single threshold: if the benchmark index falls 7% from the prior close, trading halts across the whole market for fifteen minutes.
This sourceDefines the Level 1 threshold as a 7 percent S&P 500 decline from the prior close; a 15-minute market-wide halt applies only when triggered before 3:25 p.m.
- It is wired to a single threshold: if the benchmark index falls 7% from the prior close, trading halts across the whole market for fifteen minutes.
- Reaction Metric Throttling
- It is the affective analog of a market circuit breaker,
This sourceExplains that market-wide circuit breakers pause trading after specified severe market declines.
- It is the affective analog of a market circuit breaker,
- Runaway Stop Rule
- It works like an exchange circuit breaker, which halts trading automatically once an index falls a preset amount, so the machinery stops before the panic compounds.
This sourceSpecifies market-wide decline thresholds that trigger temporary trading pauses.
- It works like an exchange circuit breaker, which halts trading automatically once an index falls a preset amount, so the machinery stops before the panic compounds.
- Safe Stop Trigger
- It is a circuit breaker in the market-halt sense: a pre-committed automatic pause that interrupts a runaway feedback loop so that humans can reassess before the damage compounds.
This sourceDefines market-wide circuit breakers that pause trading at specified index-decline thresholds for defined halt periods.
- It is a circuit breaker in the market-halt sense: a pre-committed automatic pause that interrupts a runaway feedback loop so that humans can reassess before the damage compounds.
Verification¶
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Does it back the claim? Not recorded. Neither this nor any other of the 5 citations of this work carries a recorded support check.
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Links previously used in the corpus¶
Before the registry existed this work was also linked 2 other ways.
- https://www.sec.gov/investor/alerts/circuitbreakersbulletin.htm ×4
- https://www.sec.gov/newsroom/press-releases/2012-2012-107htm ×1
Registry ID ref:65cb0ba96fb6 · see in the full table