Transition to shorter T+2 settlement now underway
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The Investment Industry Regulatory Organization of Canada (IIROC) announced that it’s revising circuit breaker trigger levels for Wednesday amid expectations of heightened market volatility in the wake of Donald Trump’s victory in last night’s U.S. presidential election.

The triggers will return to their previous settings on Thursday, IIROC announced, noting that the move is being made in anticipation of “the potential for increased volatility” in the wake of the election results.

Under the temporary settings, circuit breakers will be triggered if a stock moves by at least 20% and 40 trading increments in a five-minute period.

For leveraged ETFs with a 2:1 ratio, circuit breakers will be triggered by a price change of at least 40% and 80 trading increments in a five-minute period.

The ordinary trigger levels are a 10% price move and 20 trading increments for stocks and 20% and 40 trading increments for leveraged ETFs.

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