- Dec
- 22
- 2005
- 9:00 AM
Hybrid 101:Liquidity Replenishment Point
- By: Ray Pellecchia
- File Under: NYSE
NYSE Liquidity Replenishment Point (yes, we have an absolute genius for naming these things) is a new volatility control that curbs wide price movements resulting from automatic executions and sweeps over a short period of time. When triggered, LRPs automatically convert the market temporarily to auction-only mode, allowing specialists, floor brokers and customers to supplement liquditiy and respond to the stock's volatility. Vol. 5 of the Hybrid Training Program discusses the two two types of LRPs.
Comments
Good entry, though I would have named the two types of LRPs discussed in Volume 5.
by OSA ANDRE on November 9, 2006 2:16 PM
Where can i access up to the minute LRP values?
by mike anderson on December 11, 2006 3:44 PM
Mike -- You can subscribe to NYSE Alerts -- a data feed that includes Liquidity Replenishment Points -- or ask your data vendor.
Hope that helps. Thanks for writing!
by Ray Pellecchia on December 11, 2006 3:53 PM
Hi Ray,
What other volatility controls are implemented by NYSE during Opening, Continuous, and Closing sessions?
Thanks
by W. Pan on July 11, 2008 4:48 AM
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