Which statement regarding suspension of futures and options trading is correct?

The correct statement regarding the suspension of futures and options trading is that all existing orders and quotes will be deleted. When trading is suspended, it is implemented to maintain market integrity during significant events or disruptions. The deletion of all existing orders and quotes ensures that no stale or outdated orders can affect market dynamics once trading resumes. This precaution helps in establishing a fresh start, allowing participants to place new orders under the updated market conditions without any influence from previously submitted orders or quotes that may no longer be relevant. This helps in maintaining a fair trading environment and reduces the risk of confusion when traders react to new information or changes in the market landscape.

In contrast, the notion that orders could still be entered during a suspension contradicts the very purpose of halting trading, which is to eliminate transactional activities temporarily.