Futures Price Limits and Price Banding
Futures price limits, price banding and Velocity Logic are three different controls. What each one stops, and how to tell a reject from a locked market.
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Futures price limits, price banding and Velocity Logic are three different controls. What each one stops, and how to tell a reject from a locked market.
Market-wide circuit breakers halt all US stock trading at 7%, 13% and 20% S&P 500 drops. See today's SPY trigger levels and the four March 2020 halts.
The COVID crash of 2020, receipted: the March 9 halt minutes missing from the tape, four circuit breakers in eight days, and the peak-to-trough map on SPY.