The New York Stock Exchange (NYSE) has invoked its “Rule 48” to smooth the opening of U.S. stock trading, The Wall Street Journal reports. The move came as futures pointed to a drop of more than 2%, adds Reuters. Under this rule, designated market makers on the NYSE are able to suspend from disseminating price indications ahead of the opening time. The rule will make trading easier and faster.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.