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Modified Uptick Rule
- Thread starter libertad
- Start date
So would this mean you could only short when the price is above the bid or would that only kick in under the circuit breaker they mention (I think it was a 10% decline)?
-Guru
-Guru
Quote from libertad:
http://www.batstrading.com/JointShortSaleLetter
Kudos to BATS.... The future of trading....
Wow, the uptick rule lunacy gets even crazier. I opposed the uptick rule being reinstated and I *really* oppose this modified uptick rule being enacted. What garbage.
I do like the 10% idea though. If they need to re-install that damn rule, then that 10% is a good way of easing the pain for us
It looks fine to me. I like that it won't even be active unless the 10% circuit breaker is hit. This allows the market to trade normally except in panics.
I remember right after the uptick rule was removed, the market had a final short squeeze, then volatility expanded, and selling pressure flooded into the markets. All my indicators that used market breadth data had to be re-calibrated due to the large selling pressure. The market started trading very differently from then on. There were wild swings due to the expanding range of volatility.
I remember right after the uptick rule was removed, the market had a final short squeeze, then volatility expanded, and selling pressure flooded into the markets. All my indicators that used market breadth data had to be re-calibrated due to the large selling pressure. The market started trading very differently from then on. There were wild swings due to the expanding range of volatility.
Quote from RiceRocket:
I remember right after the uptick rule was removed, the market had a final short squeeze, then volatility expanded, and selling pressure flooded into the markets. ...
Rice,
That is exactly when the subprime loss news started to hit the market.
July of '07.
The increased vol and selling was due to that.
Quote from Charlie_Sheen:
Rice,
That is exactly when the subprime loss news started to hit the market.
July of '07.
The increased vol and selling was due to that.
LOL I hope you're joking.
Uptick rule creates more volatility, but of course, you and the others would know that if you ever traded with it active.
Anybody who is a real trader would want the uptick rule back. It creates opportunity.
It's even funnier that BATS would say anything as they gain business with the uptick rule active. Apparently, they are run by morons, no wonder that ECN never gained any real prominence.