And heeeeere it is in 'english' ;^D
Uptick rule
From Wikipedia, the free encyclopedia
(Redirected from Uptick)
Jump to: navigation, search
The Uptick rule is a former financial regulations rule, relating to the trading of securities in the United States. The rule was eliminated by the SEC, effective July 6, 2007.
[edit] Explanation
'Uptick' is the name generally given to Rule 10a-1, under the Securities Exchange Act of 1938, which states that short selling is only permitted following a trade where the traded price was higher than the previously traded price (uptick).
On the New York Stock Exchange a short sale may only be done on an uptick or a zero plus tick (which occurs when the price is the same price as the last trade, but higher than the previous different trade).
On the NASDAQ, shorting is only allowed on the bid side when the current inside bid is not lower than the previous inside bid (i.e. a downtick).
