19 Mar 2020

US Market Wide Circuit Breaker (MWCB) Level Thresholds

 
 

A gentle reminder on the US market wide circuit breaker (MWCB) thresholds that will trigger a halt in trading in US markets.

Due to the heightened volatility and the velocity of the sell-off, please pay careful attention to Level 3, after which the market will close and not reopen for the balance of the day. Do note that should this occurs, you will not be able to close your positions – any day trades or open positions will stand overnight and you will be responsible for the associated funding requirements.

Click here for MWCB FAQs from NYSE website.

Below are the MWCB levels for 19 March 2020 :

S&P 500 close Wednesday, 18 March 2020 was 2,398.10
MWCB Level Thresholds for 18 March 2020 are as follows:


Level 1 = 2,230.23 (7%)
- Trading will halt for 15 minutes if drop occurs before 3:25pm ET
- At or after 3:25pm ET, trading shall continue unless there is a Level 3 halt


Level 2 = 2,086.75 (13%)
- Trading will halt for 15 minutes if drop occurs before 3:25pm ET
- At or after 3:25pm ET, trading shall continue unless there is a level 3 halt


Level 3 = 1,918.48 (20%)
- At any time during the trading day, trading shall halt for the remainder of the trading day

 
  Close this page