SR-NASD-2006-069

Proposed Rule Change Extending the Pilot Relating to Manning Price-Improvement Standards for Decimals.

NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to extend through December 31, 2006, the current pilot price-improvement standards for decimalized securities contained in NASD Interpretive Material 2110-2, Trading Ahead of Customer Limit Order ("Manning Rule").