Firm Quote Rule
Member firms should not make offers to buy or sell at a stated price unless they are prepared to buy or sell at that stated price. If a firm fails to honor a quote, it is called backing away from a quote, and it is
Member firms should not make offers to buy or sell at a stated price unless they are prepared to buy or sell at that stated price. If a firm fails to honor a quote, it is called backing away from a quote, and it is