When does the NYSE halt trading?

And why didn't they do it last week when the market was cratering?

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spider348 answered a question in General Market.
400 points

spider348 answered one month ago …

http://www.programtrading.com/curbs.htm

this was the original plan however I read that as of Nov 2007 the NYSE
scrapped the rule - as Homer Simpson says "Doah !"

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Answers

SallyG answered a question in General Market.
408 points

SallyG answered one month ago …

Good question! I wish I knew the answer, as I thought it would have been a good idea, to prevent investors from acting instantly on their panicked reactions. I think there is a percentage change that suspends trading, but I don't know what it is.
Suspending all trading would have made more sense to me than just suspending short selling of financials—less subjective, anyway. I suspect the reason that they didn't do so is that "they" thought it would send a negative signal, but IMHO there could be no signal more negative than the unrestrained free-for-all of the last week or so.

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