Market Maker Manipulation

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MaxShockeR Free

05/19/11 6:24 PM

Post #5

FINRA Rule 6460 Display of Customer Limit Orders Effective May 9, 2011

This is for Educational & Linking purposes only

http://goo.gl/s6kcI

OTC Markets News Service
http://www.otcmarkets.com/news/otc-press-release?id=365

FINRA Rule 6460, Display of Customer Limit Orders, Effective Today

May 9, 2011 – NEW YORK – FINRA Rule 6460, Display of Customer Limit Orders, became effective today. This marks the first time that mandatory limit order display, originally implemented for exchange-listed stocks in 1997, will be extended to the OTC marketplace. The limit order display rule requires OTC market makers to display the price and size of any customer limit order that improves the price or size of their own published quote.

Prior to this change, many OTC market makers displayed the best price of customer limit orders as a result of the strong competition between broker-dealers. The limit order display rule will likely not lead to drastic changes in quote prices, although it will affect published quote sizes, since many firms previously displayed quote sizes only up to the minimum quote size tier.

Limit order display is the most recent in a series of new rules in the OTC marketplace that have long applied only to the listed markets. These new rules, most of which became effective during the first half of 2011, govern locked and crossed markets, allow access fees to be included in published quotes, and restrict sub-penny quoting.

To learn more about FINRA's limit order display policies, visit FINRA's website here:
www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122114.pdf.

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dementedhumor Free

09/16/09 12:12 PM

Post #4

Re: #3: @surfkast - There was a delay in posting due to

Riiiiiiiiiiight. lol It still hasn't posted. *sigh*

*Cough-bullsh*t-cough*

surfkast

09/16/09 11:20 AM

Post #3

Re: #2: @dementedhumor - images.investorshub.advfn.com/images/uploads/2009/9/16/bhyrlUntitled.jpg[

There was a delay in posting due to a computer glitch!!!
ROTFLMFAO!!!

dementedhumor Free

09/16/09 11:16 AM

Post #2

Re: #1: @surfkast - So you have problems with MM's. LOL

surfkast

08/08/08 7:40 PM

Post #1

So you have problems with MM's. LOL
We all do.
Look at CIRT and cry! LOL
GLTY on your new board!

Market Maker Manipulation

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Created	08/06/08	Type	Free
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[b]This board is to post and discuss the frustrations you are having with the market makers. [/b]

Please do not post off-topic. This is a board soley designed to expose the manipulation of the market makers.

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