SEC Bans Stub Quotes

The Securities and Exchange Commission has outlawed the practice whereby market makers quote unusually wide spreads to avoid providing liquidity, which contributed to the May 6 "Flash Crash." From Dec. 6, market makers must ensure their quotes are within certain percentages of the national best bid and offer for a stock, depending on the security, the time of day, and whether it is part of the SEC's circuit-breaker pilot program.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: