Shorting on DOWNTICK

[lojze]

Is it possible with retail firms?

IB maybe?


Lojze

 

[metooxx]

No; with certain exceptions, i.e. ETFs.

 

[Vinny1]

I think only Nasdaq small cap stocks are exempt from the short sale rule.

 

[rtharp]

It's actually not possible anywhere. Including Professionals.....

Professional traders create an "artificial" long which they sell.

Retails can't create this "artificial" long

Robert

as someone mentioned ETF's are exempt

 

[Babak]

also before 9:30 am and after 4:00pm

 

[dgabriel]

Nasdaq Market Makers can sell without the uptick requirement.

But there have been trading firms that have non-props and whose software does not enforce the uptick rule. But it is still against the rules.

 

[DATTrader]

Originally posted by dgabriel
Nasdaq Market Makers can sell without the uptick requirement.

But not for their own accounts as dealers....only for a customer as brokers.

 

[lescor]

I believe that on the Nasdaq, it only has to be an up-bid, not an uptick. So if the last trade was a downtick, but someone raised the best bid, you could sell to it.

 

[Vinny1]

Originally posted by lescor
I believe that on the Nasdaq, it only has to be an up-bid, not an uptick. So if the last trade was a downtick, but someone raised the best bid, you could sell to it.

That is correct,on Nasdaq you only need an up-bid(as opposed to an uptick)to short,or if the bid is a downbid,you can short at least a penny higher.It is therefore much easier to get short on Nasdaq than on the NYSE.

 

[MarkHyman]

If you like shorting, try the QQQ's and the E-minis.
You can short these all day long.