easy · Market Microstructure
A regulatory rule prevents an exchange from executing a trade at 25.10 if another exchange is currently displaying a protected quote to sell at 25.08.
This is a direct application of which Regulation NMS rule?
- Rule 610 (Access Rule)
- The Maker-Taker Rule
- Rule 611 (Order Protection Rule)
- Rule 612 (Sub-Penny Rule)
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