NASD Clarifies SEC's Limit-Order Display Rule
Traders Magazine, October 1998
The National Association of Securities Dealers has clarified the application of the limit-order display rule, which was introduced when the Securities and Exchange Commission rolled out its order handling rules.
In a notice to members, the NASD said limit-order protection for orders up to 10,000 shares will not apply during a period when the market is not "normal."
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