How is an Outlier Transaction determined?
An Outlier Transaction is executed at a price that meets the following parameters: • Greater than three times the current Numerical Guidelines in effect at the time of execution, or • Execution price breaches the 52-week high or 52-week low. In such cases, NASDAQ OMX may consider additional factors as outlined in Rule 11890(a)(2)(C)(3) in determining if the transaction qualifies for further review or if NASDAQ OMX shall decline to act.