UniPixel

over 7 years ago

(RCB) Effective April 2013National securities exchanges and FINRA implemented the "limit up/limit down" mechanism (FINRA Rule 6190) to combat market volatility. The regulation mandates that trades are not allowed outside the specified price band in listed equity securities. The price band will be set at a percentage level above and below the average price of the security over the immediately preceding five-minute period.