Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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September 30, 2001

Nasdaq Reacts to WTC Attack

By Gregory Bresiger

Nasdaq, trying to help firms hurt by the Sept. 11 disaster, says it has implemented an

across-the-board moratorium on the minimum bid and public float requirements for continued listing. The moratorium will be effective until Jan. 2, 2002, Nasdaq officials said.

"In the days following Sept. 11, we extended the grace period associated with these requirements for affected companies on an individual basis," said Wick Simmons, chairman and chief executive officer of Nasadaq. "We implemented a broader action that we believe will provide greater stability to the marketplace during these times of economic uncertainty."

Normally, Nasdaq rules have generally required that companies with securities that fall below minimum bid price or fail to meet minimum market value of public float requirements for 30 consecutive business days are given a 90-day grace period to regain compliance. Under the temporary relief provided by the new rules, companies will not be cited for the bid price or the market value of public float deficiencies. Companies currently under review for deficiencies or in the hearing process will be taken out of the process. No deficiencies will accrue during the proposed suspension process, according to Nasdaq officials.