Market regulation · 24/08/2004

SEC Approves NASD Rule Change to Require Written Notice Before Denying Direct Electronic Access to Quotes

The Securities and Exchange Commission (SEC) has approved a proposed rule change by the National Association of Securities Dealers (NASD) that requires NASD market participants to provide written notice before denying direct electronic access to quotes for NASD members in the Automated Confirmation Delivery (ACD) system