Series 24: 5.6.2.2. Market Maker Withdrawals

Taken from our Series 24 Online Guide

5.6.2.2.  Market Maker Withdrawals

Nasdaq market makers may need to withdraw their quotes from time to time. To do so, they must request a voluntary withdrawal. For instance, an experienced trader that cannot easily be replaced may become unavailable due to sickness, holidays, or vacation. Or a market maker may be compelled to withdraw because it obtains material inside information and is not permitted to trade in the security until the information becomes public. Other reasons for a temporary withdrawal may include equipment malfunction, involuntary failure to maintain a clearing agr

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