NASDAQ OMX Limit Locator

Track trades to comply with FINRA's implementation of a new "limit up/limit down" mechanism

Limit Locator Overview

NEW!

  • Limit Locator now includes new fields in the Alerts table to display modifiers, tape status, and I1I2 identifiers, as well as filtering capabilities and a new tab for As Of Alerts.

The NASDAQ OMX Limit Locator provides customers with help in tracking trades entered into the FINRA/NASDAQ TRF that are at and outside of the set Limit Up/Limit Down price bands. The new product provides daily trade counts and specific trade information for the following criteria:

  • At lower price band
  • At higher price band
  • Outside lower price band
  • Outside higher price band

Daily trade data, as well as 30 days of historical data, is available for export in CSV format. The monitor also features a quick link to access an ACT trade scan for easy viewing of trade details for trades in potential violation of the rule.

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Rule Summary

In 2013, national securities exchanges and FINRA will implement a new "limit up/limit down" mechanism to combat extraordinary market volatility. The new regulation mandates that firms prevent trades in listed equity securities from occurring outside of a specified price band, which will be set at a percentage level above and below the average price of the security over the immediately preceding five-minute period.


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