Series 24: 5.6.2.2. Market Maker Withdrawals

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