Birdwatch Note Rating
2024-05-17 00:05:48 UTC - NOT_HELPFUL
Rated by Participant: 1DD47F37DCFE4B694C9E2AC6D44049D852E3144343DDCD2E0BE413EF93797E01
Participant Details
Original Note:
On Tier 1 securities (Over $3.00 stock price), LULD halts occur when a stock moves +/- 5% from the average reference price of the last 5 minutes. The reason they seem to be less common on the way down is due to a lower velocity of price movement, not because it is “rigged”. https://www.nasdaqtrader.com/content/MarketRegulation/LULD_FAQ.pdf
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