NYSE Exchange Traded Products Limit Up Limit Down LULD

SmartAsset Advisors, LLC (« SmartAsset »), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Advisory accounts and services are provided by Webull Advisors LLC (also known as « Webull Advisors »). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Trades in your Webull Advisors account are executed by Webull Financial LLC. A trading halt starts at 15 seconds and may be extended to five minutes. If the conditions that caused the halt aren’t relieved, the halt may be extended again.

The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.

1. Different percentages are used to set the size of the band depending on the time of day, the security’s trading price and which one of the two tiers it occupies.
2. Please read the Characteristics and Risks of Standardized Options before trading options.
3. Customer options orders received by Wells Fargo Advisors are routed to other market centers and exchanges for handling and execution.
4. Specific protocols for handling orders during “Limit” or “Straddle” states are established by the market centers and exchanges to which we route customer orders.

Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX). That security can exit that Limit State if, within 15 seconds, all quotations at the band are executed or canceled in their entirety. Price Bands are doubled during last 25 minutes of the regular trading day for all Tier 1 Securities and for Tier 2 Securities below $3.00. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. WellsTrade® and Intuitive Investor® accounts are offered through WFCS.

Length of Trading Halts

An explanatory brochure is available upon request or at Webull Financial LLC’s clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. If a market maker bids $21 at 10 a.m., this is 10% more than the last trade price so it triggers the Limit Up-Limit Down. If the market maker cancels the flagged quote during that time, trading resumes after 15 seconds. Pursuant to the Plan (see Section VI(A)(1)), transactions that both (1) do not update the last sale price (except if solely because the transaction was reported late) and (2) are excepted or exempt from the SEC’s trade-through rule (Reg NMS Rule 611) can be executed outside the price bands.

Greater leverage creates greater losses in the event of adverse market movements. All investments involve risk, and not all risks are suitable best mt4 white label brokers and providers 2023 for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment.

Webull Financial, LLC is a CFTC registered Futures Commission Merchant and NFA Member. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure https://www.topforexnews.org/books/summary-and-critique-of-the-black-swan/ Statement and other relevant Futures Disclosures located at /fcm-disclosures prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Trading Halts & Limit Up-Limit Down Client Notice

Limit Up-Limit Down is a procedure for reducing volatility by halting trading in individual securities when prices exceed bands. The price bands are based on the company size, stock price and time of day and may vary from 5% to 150% and below the previous closing price. The length of the trading halt starts at 15 seconds and may extend to five minutes or more.

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When a Limit State occurs, the SIPs indicate the National Best Bid (Offer) as a Limit State Quotation. Trading exits a Limit State if, within 15 seconds of entering the Limit State, all Limit State Quotations are executed or canceled in their entirety. If the market does not exit a Limit State within 15 seconds, the primary listing exchange declares a five-minute Trading Pause. If an NMS Stock is in a Straddle State and trading in that stock deviates https://www.day-trading.info/edge-in-trading-forex-trading-articles-the-trading/ from normal trading characteristics, the primary listing exchange may declare a Trading Pause for that NMS Stock.Please consult each Participant market’s trading rules to learn how its order types are treated under the Plan. When a trading halt is in effect for a security, customer orders will not be executed, but Wells Fargo Clearing Services, LLC (“WFCS”) will continue to accept and route such orders to market centers and exchanges.

Price Bands

Orders entered during a trading halt will generally be handled on a best efforts basis in the re-opening process once the trading halt is lifted, although customers should be aware that the security may resume trading at a significantly higher or lower price. Customers must use caution when entering orders during a trading halt and are encouraged to use limit orders to protect against significant price changes. Every security has an upper and lower price band with the reference price as the mid-point. If an offer reaches the lower price band or a bid reaches the upper price band that stock will enter a limit state (a pause) for 15 seconds.

Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.

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