Free Site Registration

Changes to OTC Market Coming

Traders Magazine, October 2012

Peter Chapman

Tighter spreads, but less liquidity. That may be the outcome of a rule change by the Financial Industry Regulatory Authority affecting the over-the-counter market. The changes to FINRA's Rule 6433 promote competition between limit-order traders and market makers by loosening the requirements for quoting. As a result, spreads could tighten and quoted size could decline.

Get access to this article and thousands more...

All 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?