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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17587)	2/16/1999 7:30:00 AM
From: Mark Ivan	Read Replies (1) \| Respond to of 18056

Zeev, all.. Has anybody seen this?? **** NYSE triggers to restrict arbitrage trading at a 50-point change in the DJIA from the previous close will now be set at a 2% value of the DJIA, which will get a numerical value at the start of each quarter, based on an average closing over the preceding month.Removal of the limit will occur at a 1% change back, rather than the former 25 points within the previous close. Eliminated are rules that had diverted program trading orders temporarily if futures contracts on the S&P 500 Index declined by 12 points from the previous close. This goes into effect on Tuesday. ****** Apparently, this cam from Barrons. Is this widening the circuit breakers on the exchange, thus allowing for wider/faster swings?? Mark