Market regulation · 01/08/1994
Self-Regulatory Organizations; Philadelphia Stock Exchange, Inc.; Order Approving Proposed Rule Change, Relating to Quotation Guarantees, Including a Requirement That Specialists and Registered Options Traders (``ROT's'') Fill Incoming Orders or Update Existing Markets
The Securities and Exchange Commission (SEC) approved a proposed rule change by the Philadelphia Stock Exchange, Inc. to require specialists and registered options traders to fill incoming orders or update existing markets.