Analysis Shows Uptick Rule Vital to Market Stability
Tuesday, November 18, 2008 - 12:00
in Mathematics & Economics
(PhysOrg.com) -- A new study by researchers at the New England Complex Systems Institute found that interpretations of data from an SEC pilot program used to justify the repeal of the "uptick rule" in the summer of 2007 are unsound. The uptick rule was designed to limit the rapid selling of borrowed shares and was implemented after the crash of 1929 to prevent future crashes.