Birdwatch Note Rating
2024-05-17 06:29:03 UTC - NOT_HELPFUL
Rated by Participant: 3AC3739AF3C449E4012632A150A52AB806261FF9AF560A1738D9A30146B45A2B
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
All Note Details