Of the following statements about futures trading, which one is INCORRECT?
Posted by admin
A. There are no specialists on futures exchanges.
B. All futures contracts are eligible for margin trading.
C. Trading is halted for the day if the prices reach the daily limit.
D. The uptick rule applies to the shorting of futures contracts.
Technically, D is correct, because the Uptick Rule was abolished almost a year ago. It no longer applies, and when it did, it applied to more than just futures contracts. It covered short-selling in general.
One Response to “Of the following statements about futures trading, which one is INCORRECT?”
Leave a Reply
November 28th, 2009 at 2:27 pm
Technically, D is correct, because the Uptick Rule was abolished almost a year ago. It no longer applies, and when it did, it applied to more than just futures contracts. It covered short-selling in general.
References :