RT Journal Article
SR Electronic
T1 The Effect of the Uptick Rule on Spreads, Depths, and Short Sale Prices
JF The Journal of Trading
FD Institutional Investor Journals
SP 38
OP 44
DO 10.3905/jot.2008.705631
VO 3
IS 2
A1 Gordon J. Alexander
A1 Mark A. Peterson
YR 2008
UL https://pm-research.com/content/3/2/38.abstract
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