Is Electronic Trading Adding to the Carnage?

08/03/07 - 11:13 AM EDT

Aaron Task

Of course, the "plus tick test," which dictated that investors could only short stocks on an uptick, was removed last month -- so it's unclear why the practice of using stub quotes continues.

Perhaps it's a sign that bad habits are hard to break in a marketplace seemingly determined to do as much as possible to undermine investors' confidence.
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Aaron L. Task is editor at large of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback; click here to send him an email.

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