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Quotes
by TradingView
>
Trading
>
Terms (Glossary)
>
article
LULD
Limit Up
Limit Down Plan
Quoting
On May 31, 2012, the SEC approved the NMS Plan to Address Extraordinary Market
Volatility
(Plan), which was filed by FINRA and the other self-regulatory organizations and is designed to address the type of sudden price movements that the market experienced on the afternoon of May 6, 2010. The Plan provides for a market-wide limit up and
limit down
(LULD) mechanism to prevent trades in NMS stocks from occurring outside of specified price bands, coupled with trading pauses to accommodate more fundamental price moves. The Plan is designed, among other things, to protect investors and promote fair and orderly markets.
Source:
https://www.finra.org/industry/trf/limit-uplimit-down-luld-plan
See also: Limit Up and Limit Down
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