Thursday, July 31, 2014 10:48:03 AM
Not all Bids were posted at market open leaving the only posted Bid of .09, thus a sale to the only Bid present. As other MMs began to post their Bids after market open, a normal process, the Bid was in fact .091 when the .092 trade went off. As we already know there was a Bid for a couple of days now for that size sitting at .092, the broker didnt have to display the bid because the trade was being immediately executed thus resulting in the next bid price in line of .091.
Review of FINRA Rule 6460 should be required homework, pretty clear that if a transactions is being executed there will be no display:
double snicker....
THE REAL DTCC DISCUSSION
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
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