medium · Market Microstructure lob
A stock is currently quoted at 10.00 bid and 10.05 ask on Exchange A. Exchange B is displaying a protected bid at 10.02.
If a broker executes a sell order on Exchange A at 10.00, which Regulation NMS rule has been violated?
- The Maker-Taker Model
- Rule 610 (The Access Rule)
- Rule 611 (The Order Protection Rule)
- Rule 612 (The Sub-Penny Rule)
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