The Down Tick Rule, opposite to the Uptick Rule, allows short sales only if the last trade was at a higher price. It ensures stability in volatile markets and prevents excessive downward price pressure.
The daily trading limit is the maximum allowed price fluctuation for commodities and options within a single trading day, with restrictions to curb extreme volatility in the market.
A comprehensive overview of the Universal Market Integrity Rules (UMIR), which are a set of regulations managed by an independent regulator to oversee trading practices in Canada.
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