Up-Tick Rule with Decimals

D

danger68

With NYSE now trading in decimals, what is considered a "tick" for implementation of the UP-TICK rule for shorting stocks?

When NASDAQ finally is 100% decimal, what will they consider a "tick" for shorting purposes?

Does anyone know when the Up-Tick rule will be eliminated?

Thanks,

Dan
 
a tick is .01 for the nyse, as long as a trade is executed below where you are offering, you can be filled, you dont need an uptick. I just use market, so im always filled whenever anyway.
 
Please pardon this newbee question...Could someone please explain the short/downtick rule to me? I thought that it means no shorting a stock on a downtick..period. But in reading this thread, I get the idea that I can short on a downtick if I use a market order as opposed to a limit order, right? In playing around with a simulator, CyberTrader, I believe that it won't allow *any* shorting on a downtick at all. Can someone please help me understand this (seemingly bad) rule? Thanks!
 
Airspeed,
On Nasdaq issues you must have an uptick at the bid price before a short order can take place. I'm gonna defer to someone else's expetise as far as NYSE issue's.
 
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