T2Halt — News Released
T2 is the second stage of a news halt. The headline is out; the market is being given time to read it before quoting restarts. For a trader, the information asymmetry of a T1 has collapsed — the catalyst is now public and can be evaluated before the reopening auction prices it.
What triggers it
- Material news previously flagged under a T1 halt has been publicly disseminated.
- The exchange holds trading through the dissemination window so participants can process the release.
How long it lasts
Short relative to the T1 stage — the dissemination window rather than the wait for news. It ends when the exchange begins the reopening process.
How it resumes
Quoting resumes, then trading reopens through an auction on the primary listing exchange.
What it means for a day trader
T2 is the window in which the actual work happens: read the release, size the catalyst, and decide before the auction prints.
The gap between a T2 appearing and the resume print is short. Preparation before the halt matters more than reaction speed during it.
Related halt codes
Track T2 halts as they happen
Halt Strategy monitors live NASDAQ and NYSE halts, replays the setup around each event, and backtests outcomes segmented by halt code — so T2 events are never averaged in with everything else.
Primary sources
Halt Strategy is research software, not investment advice, and does not execute trades. Halt procedures are set by the exchanges and regulators and can change; confirm current rules against the primary sources before acting on them. Read the full disclaimer and editorial policy.