Orderly Markets Act of 1989

[AI summary unavailable — showing source text] Orderly Markets Act of 1989 - Amends the Securities Exchange Act of 1934 to authorize the Securities and Exchange Commission (SEC) to regulate securities derivative instruments (contracts of sale or any option on such a contract) for future delivery of a group or index of equity securities. Prohibits the registration or trade of such an instrument on a national securities exchange or any interdealer quotation system unless its terms and conditions have been approved by the SEC. Sets forth minimum statutory criteria for such approval.…