Free Site Registration

NASD Clarifies SEC's Limit-Order Display Rule

Traders Magazine, October 1998

Staff Reports

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."

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?