05.09.2013

The Real Impact of Limit Up-Limit Down

05.09.2013

The trading pauses enforced by the new Limit Up-Limit Down rule should offer a greater segment of investors time to participate in the price discovery process during significant and rapid price moves.

The Limit Up-Limit Down rule (“LULD”) began rolling out on April 8, 2013. Approved on May 31, 2012, on a pilot basis, the rule provides for market-wide limit up-limit down requirements designed to prevent trades in individual securities from occurring outside of specified price bands. The limit up-limit down requirements are coupled with stock-specific trading pauses to accommodate more fundamental price moves. LULD replaces the single-stock circuit breakers that were introduced following the May 6, 2010, Flash Crash, during which major US equity indexes dropped and then recovered several percentage points within minutes.

Barclays_Limit up-Limit down Rule_May 2013

Asset owners are investing heavily in data, from AI to ESG to real-time tools.
What’s the top priority for the data suite? 👇

#AssetOwners #FinTech #AI #ESG #Data

At #TradeTechFX Barcelona this week, LMAX Group Managing Director of Digital Assets, Jenna Wright, joins @TheBondDESK @marketsmedia to discuss how FX desks are adapting to the rise of digital assets.

She’ll explore market convergence, regulation and the investor opportunities…

Deutsche Börse’s Crypto Finance launches AnchorNote, letting institutions post crypto collateral off-exchange while keeping assets in custody. A step toward safer, more efficient digital asset trading. #Crypto #DigitalAssets

David Martin, CEO of the derivatives business at Singapore-based digital asset exchange AsiaNext, said the next stage of the industry is about the collision of traditional finance (TradFi) and crypto, and “capital efficiency will win the game."

#Crypto

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