(Reuters) - The five commissioners unanimously voted to drop a short
selling limit, also known as the tick test or Rule 10A-1.
The tick test only allows short sales when the last sale
price is higher than the previous price. That means a trader
cannot short a stock if the movement prior to the short sale is
down.
Read more at Reuters.com Government Filings News
selling limit, also known as the tick test or Rule 10A-1.
The tick test only allows short sales when the last sale
price is higher than the previous price. That means a trader
cannot short a stock if the movement prior to the short sale is
down.
Read more at Reuters.com Government Filings News
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