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Plus Tick Rule

Plus Tick Rule Definition

Also known as the Uptick rule, this SEC (Security and Exchange Commission) regulation dates back to 1934.  It requires that every short sale transaction be entered at a price that is higher than the previous trade.  It is meant to prevent traders from driving down the price of stocks down by borrowing stock and then selling it.  This rule was abolished on July 6, 2007.

RELATED TERMS
Downtick
Uptick
Uptick rule
RELATED CATEGORIES
Active Trading




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