PT  - JOURNAL ARTICLE
AU  - Gordon J. Alexander
AU  - Mark A. Peterson
TI  - The Effect of the Uptick Rule on Spreads, Depths, and Short Sale Prices
AID  - 10.3905/jot.2008.705631
DP  - 2008 Mar 31
TA  - The Journal of Trading
PG  - 38--44
VI  - 3
IP  - 2
4099  - https://pm-research.com/content/3/2/38.short
4100  - https://pm-research.com/content/3/2/38.full
AB  - We examine the effects of the uptick rule on the quoting and trading of NYSE-listed stocks, and find that the uptick rule increases liquidity by decreasing quoted spreads and increasing ask depths. We also find that when the rule is suspended, those short sell orders that are executed take place at a price that is, on average, above the quote midpoint.TOPICS: Exchanges/markets/clearinghouses, statistical methods