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.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 49.12 KB
Amendment No. 1 to Proposed Rule ChangePDF - 95.81 KB
Federal Register NoticePDF - 69.93 KB
Extension No. 1PDF - 19.65 KB
Amendment No. 2 to Proposed Rule ChangePDF - 231.25 KB
Approval OrderPDF - 65.17 KB