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Effective Monday, April 8, 2013, Phase 1 of Limit Up-Limit Down (LULD) will begin for Tier 1 securities. The Phase 1 symbol rollout schedule is listed in the chart below. In addition, all Regulation NMS securities will become subject to the new Market-Wide Circuit Breaker (MWCB) rules on April 8, 2013.
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LULD Tier 1 Symbol Rollout Schedule |
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Rollout Date |
NASDAQ-Listed |
NYSE-Listed |
NYSE ARCA- Listed |
NYSE MKT- Listed |
BATS-Listed |
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April 8, 2013 |
AAXJ |
ABC |
XME |
ANV |
EMHY |
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ACAS |
ACE |
XOP |
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INDA |
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ACGL |
ACT |
XPH |
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ACWI |
ADT |
XRT |
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ADBE |
AGO |
XSD |
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ADI |
ALR |
YXI |
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ADP |
AMT |
ZROZ |
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ADSK |
ANF |
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AGNC |
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AKAM |
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April 15, 2013 |
AAPL-AWAY (20 stocks) |
A-AK (25 stocks) |
A-BXDB (21 stocks) |
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April 22, 2013 |
BBBY-FULT (65 stocks) |
AL-CD (90 stocks) |
C-XLY (413 stocks) |
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April 29, 2013 |
GILD-ORLY (76 stocks) |
CE-L (300 stocks) |
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LNG |
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May 6, 2013 |
PAYX-ZNGA (97 stocks) |
M-Z (324 stocks) |
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Saturday Test
In coordination with other exchanges and market participants, Direct Edge® will participate in industry-wide testing for LULD on Saturday, April 6, 2013.
Test Schedule
Direct Edge will be available for connectivity starting at 9:00 a.m., Eastern Time (ET) for pre-market trading and will open at 9:30 a.m., ET. LULD price bands will be in effect from 9:45 – 11:30 a.m., ET. Members are asked to refrain from using the following symbols in their tests as these are reserved for exchange use only.
- ABC, ACE, ADI, and ACGL
Market participants can use any of the symbols slated for the April 8th rollout for testing as detailed in the table above.
Direct Edge encourages all Members to participate in this test to ensure their systems are ready in advance of Monday’s rollout.
More Information
- Refer to our LULD Implementation FAQ document.
