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was pennytrader

08/25/06 11:38 AM

#6075 RE: drifterfcrc #6073

Sorry drifter, but I believe you are mistaken...


Unsolicited Quote
An unsolicited quote is one which represents an "Unsolicited Customer Order". Publishing unsolicited quotes allows a broker/dealer to meet an exception to Rule 15c2-11, which requires a broker to have in its possession current information, including financial information, about the issuer of the securities . To avail itself of this exception to SEC Rule 15c2-11, an NASD member firm must ensure that the quotation published or submitted: (1) is solely on behalf of a customer; (2) represents the customer's indication of interest; and (3) does not involve the solicitation of the customer's interest.
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americano

08/25/06 12:44 PM

#6082 RE: drifterfcrc #6073

L2 0125 bid by 013 ask it always shows up on alphatrade