Tuesday, December 09, 2008

The Move to Bring Back the Uptick Rule

Bloomberg reports on those who want to bring back the uptick rule and the problems:
Regulators would have to grapple with increased competition among exchanges, and brokers may take months to comply with the rule. The uptick rule only applied to the NYSE, whose market share of trading of the companies it lists dropped to about 25 percent last month from 52 percent in June 2007.
The decline of the NYSE.