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To: Joe Copia who wrote (3023)4/7/1998 7:59:00 PM
From: HRAKA  Read Replies (1) | Respond to of 7703
 

NYSE Rule 80-A

With a market downturn, NYSE Rule 80-A, the "Stop-Ban" rule, may take effect. If it does, it
will have the following impact:

-- Retail brokerage customers may place new Stop and Stop Limit orders ONLY for 2,099
shares or less.

-- Non-retail brokerage customers (non-individuals) such as Institutional Brokerage or
Financial Advisor customers, may not place ANY new stop or stop limit orders.

Rule 80-A will take effect if the S&P 500 (SPX) futures drop 12 points. This corresponds to a
70-90 point drop in the Dow Jones Industrials. Once in effect, the restriction will be in place for
the rest of the trading day. Exception: if the drop occurs during the last 35 minutes of the trading
day, Rule 80-A will NOT take effect.
Hraka