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Re: VeronicaFox post# 38389

Monday, 03/30/2015 1:51:49 PM

Monday, March 30, 2015 1:51:49 PM

Post# of 66405
Sure makes one question the value of the following so called "Rule".

Display of Customer Limit Orders (FINRA Rule 6460) – FINRA members publishing quotations in an inter-dealer quotation system must publish the price and full size of a customer order if that order improves or is equal to the member’s price. Exceptions exist for orders under minimum tier size, block orders and customer requests. See complete text of Rule 6460.

More quirky INOH trading today, earlier the ask showed 10k available at $.0002, trades of 10,000 and 3,560,000 were processed yet the ask size remained 10k. That's another sign that market makers do not have to show their true order book. They might show the minimum size of 10,000 and perhaps may have 10 million or more for sale.


Hey, lets Focus on the exceptions - Exceptions exist for orders under minimum tier size, block orders and customer requests. See complete text of Rule 6460.


"The trust of the gullible is the liar's most useful tool."