Series 24: Nasdaq Firm Quote Rule

Taken from our Series 24 Online Guide

Nasdaq Firm Quote Rule

When entering quotes in the Nasdaq system, market makers must make firm quotes, promising to buy or sell a minimum of 100 shares of the security at a price at least as favorable as their quoted price. When a market maker displays a quote that is larger than 100 shares, they must honor this quote. If a market maker fails to honor a quote, it is

Since you're reading about Series 24: Nasdaq Firm Quote Rule, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 24
Please Enable Javascript
to view this content!