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Tuesday, June 07, 2016 2:08:12 PM
Stock Halt alert on Scottrade:
I think it has to do with this:
Trading in a stock will be paused for a minimum of five minutes, if the national best bid and offer (NBBO) price matches one of the upper or lower band limits for 15 seconds. A primary stock exchange can add another five minutes to the pause if necessary. The exchange also can halt trading at its discretion, if an NBBO price lies outside of the band limit. This is known as the straddle state. Under LU/LD if the national best bid (NBB) is priced below the lower band it will be non-executable. If the national best offer (NBO) is priced above the upper band it will be non-executable. Quotes outside the bands cannot be transacted against.
JMO
Loofman
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