Regulation & law · 08/12/2000

Philadelphia Stock Exchange to Disengage AUTO-X System for Thirty Seconds After Meeting Minimum Guarantee

The Philadelphia Stock Exchange, Inc. has filed a proposed rule change to disengage its Automatic Execution System (AUTO-X) for a period of thirty seconds after a certain number of contracts are automatically executed, meeting the AUTO-X minimum guarantee for that option. The rule change has been accelerated and approved by the relevant regulatory body.