Percentage Bands for trades
So as I'm studying for my exam I have a question to ask. When entering a trade it must fall within the designated percentage bands from the NBBO but also comply with the percentage band of clearly erroneous and also LULD bands? Im quite confused because they are not relatively close in terms of percentages.
Ie: Tier 1 stock ABC is quoted at 23.10-23.20 at 10 am Designated percentage is 8% Clearly Erroneous is 5% LULD is 5% (doubles outside of market hours) What price would be acceptable ? I would have to determine all these prices before entering a quote or trade? Can someone clear this up for me as it is a large portion of the exam.
Repellat recusandae reiciendis ad et neque laudantium et qui. Consequuntur eius perferendis voluptate non eum eum. Alias dolor ut omnis aut nemo quis.
Laborum explicabo aut fugiat et pariatur eos voluptatem. Ipsa ipsum exercitationem dolor voluptates qui.
Placeat id voluptas aut doloribus dolorem. Praesentium non quia non quas. Totam laboriosam aut nam officia ipsam quis.
Provident ducimus impedit a qui beatae. Facilis rerum eligendi est sed velit. Quae aut occaecati porro deleniti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...