In the Zone
U.S. Joins Rest of World with Limit Up/Limit Down
Traders Magazine, July 2012
The Germans have it. The British have it. The French have it. The Swiss, the Italians and the Japanese all have it. Now the Americans are going to get it. Next February, the U.S. stock market will start smoothing out the fluctuations in its stocks under a "limit up, limit down" regime. Throughout the day, exchanges will calculate upper and lower price limits for individual securities, and prevent trades from occurring outside those bands.
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