Posts Tagged ‘Clearing Rule’

New Clearing Rule

Monday, June 16th, 2008

e have implemented a new trading rule to make your UpDown.com trading experience even more lifelike.

Our new Clearing Rule restricts actions on portfolio positions until the volume of your trade clears in the real marketplace. For example, if you buy 100,000 shares of a stock, you now have to wait for 100,000 shares of that stock to trade in the real marketplace before you can sell those shares. This will prevent UpDown members from making trades at unrealistic volumes and profiting from small changes in price.

The rule will affect you only if you trade low volume stocks in very high volumes over short periods of time. Most UpDown members will never come across it.

Again, the Clearing Rule is in place to better simulate real-world conditions so you can get the most out of your trading experience on UpDown.

Please let us know if you have any questions or comments about this new rule!

The UpDown Team