What is FINRA Rule 6460? Now with FINRA Rule 6
Post# of 18227
Posted On: 09/16/2012 1:53:29 PM
What is FINRA Rule 6460?
Now with FINRA Rule 6460, market makers are required to show the size of actual customer limit orders, should the order be the current best bid or ask for that particular market maker. No longer will you only see 5000 size quotes on the Level 2. This is a good move, overall, in our opinion, and is a definite step toward more transparency in quotation. It makes having Level 2 Quotes for Penny Stocks even more valuable than before.
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