Series 24: Limit Order Display Rule

Taken from our Series 24 Online Guide

Limit Order Display Rule

The SEC requires market makers to immediately (within 30 seconds) display customer limit orders that are better than their current best quote for an NMS stock. This display must include the price and size of the order. For example, if a market maker displays a quote of 30.15– 30.70, 7 x 5 and accepts a customer limit order to sell 200 shares at 30.60, the market maker must change its quote to 30.15– 30.60, 7 x 2 within 30 seconds.

Some exceptions to the Limit Order Display Rule are:

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Limit Order Display Rule, you might also be interested in:

Series 66 - 1.1.3. Cash Flow Statement

Series 26 - Introducing Broker-Dealers

Series 65 - Exceptions for Media from Other States

Series 53 - 6.3.1.2. Ledger Account Records

Series 79 - Private Equity Funds

Series 7 - 3.6.40 Rule G-41—Anti–Money Laundering Compliance Program

Series 99 - 3.3.3 Customer Privacy and Red Flags

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Finally! Having used the study material provided by my firm, I couldn't get over the passing level. Came out of pocket for Solomon, and passed [the Series 24] on the first effort - Thank you!

Scott Krogmann, Regions Bank, Knoxville, TN

I just took the Series 24 and passed with an 80%. I couldn't have done it without the Solomon test simulator.

Joseph Shapiro, Edward Jones Investments, St. Louis, MO

Taking the Series 24 class with Karen Solomon this week helped reinforce the data that I learned, and I passed my exam! The material was thorough and the exam simulator was an excellent tool to test your knowledge. Thank you Karen!

Karen Lessard, Concorde Investment Service Frisco, TX

I originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA

I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

T. Richmond, Bethesda, MD

This is my fourth time using Solomon's exam materials (Series 99, 7, 63, and now the 24)....and I PASSED once again on my first try. Thank you Solomon- your exam question simulator was extremely helpful!

Kim Schmidt, Elmcore Securities, Las Vegas