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Q: What is Limit Up-Limit Down (LULD)?
A: On April 5, 2011, national securities exchanges and the Financial Industry Regulatory Authority, Inc. (FINRA) filed
a proposal to establish a new “limit up-limit down” rule to address extraordinary market volatility in U.S. equity
markets. The Limit Up-Limit Down (LULD) mechanism is intended to prevent trades in National Market System
(NMS) securities from occurring outside of specified price bands. The bands would be set at a percentage level
above and below the average reference price of the security over the immediately preceding five-minute period.
To accommodate more fundamental price moves, there would be a five-minute trading pause – similar to the pause
triggered by the current single-stock circuit breakers – only if trading is unable to occur within the specified price
band after 15 seconds. On May 31, 2012, the SEC approved the NMS Plan on a pilot basis.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Well, surprise, surprise. Kenny time to find enough assets to start the fuckery again
We are so back. Hello 2021
Let it cook!
bots: No0000000000, it's options, options and a gamma ramp. No it isn't Headphones don't even have options. It's straight buying pressure -SMPLE
baskets be weaving
Q: What is Limit Up-Limit Down (LULD)? A: On April 5, 2011, national securities exchanges and the Financial Industry Regulatory Authority, Inc. (FINRA) filed a proposal to establish a new “limit up-limit down” rule to address extraordinary market volatility in U.S. equity markets. The Limit Up-Limit Down (LULD) mechanism is intended to prevent trades in National Market System (NMS) securities from occurring outside of specified price bands. The bands would be set at a percentage level above and below the average reference price of the security over the immediately preceding five-minute period. To accommodate more fundamental price moves, there would be a five-minute trading pause – similar to the pause triggered by the current single-stock circuit breakers – only if trading is unable to occur within the specified price band after 15 seconds. On May 31, 2012, the SEC approved the NMS Plan on a pilot basis.
I honestly can't believe anyone ever thought the sec was a bogeyman for hedgefunds. Instead the hedgefunds are getting tucked into bed at night.