COVID-19: A Brief Guide to Circuit Breakers and Powers to Close the Market
March 20, 2020
In recent weeks, global markets have experienced a dramatic increase in volatility in reaction to the coronavirus (COVID-19) pandemic.
In the United States, market declines have triggered market-wide circuit breakers on multiple occasions, and questions have been raised about potential temporary closures in U.S. securities and futures markets and remedies available in the event that securities transactions fail to settle.
Please click here for a summary of key authorities and procedures.