There's an Exception to Every Rule
This Time 13 is Lucky for Reg NMS
Traders Magazine, July 2007
The decision by the Securities and Exchange Commission last month to exempt two more types of transactions from Regulation NMS' Order Protection Rule. (See Rules & Regs section for details) brings to 13 the number of the rule's exceptions and exemptions. That's nine exceptions and four exemptions. Some are arcane. Some are likely to be used frequently.
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