The New York Stock Exchange (NYSE) implemented Rule 48 on Tuesday, The Wall Street Journal reports. Execution of the rule was aimed at stabilizing the opening of trading in a session that may get volatile. NYSE executed the rule on multiple occasions last month amid turbulent market conditions.
Rule 48 prevents designated market makers on the NYSE to refrain from disseminating price indications ahead of the opening bell. The process makes it more convenient and quicker to open stocks on days when trading can be rough.
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