SR-NASD-2004-045

Proposed Amendments to Require Market Order Protection

NASD has filed with the SEC a proposed rule change to prohibit a member from trading ahead of a customer market order and to require the crossing of customer market orders, if the customer market order has not been executed fully and promptly.

Text of Proposed Rule Change (PDF 50 KB)
Amendment No. 1 to Proposed Rule Change (PDF 96 KB)
Federal Register Notice (PDF 70 KB)
Extension No. 1 (PDF 20 KB)
Amendment No. 2 to Proposed Rule Change (PDF 232 KB)
Approval Order (PDF 66 KB)