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Market regulation · 06/01/2011

NASDAQ OMX PHLX LLC Seeks Approval for Rule Change to Update Specialist Evaluations and Electronic Quoting Process

NASDAQ OMX PHLX LLC has submitted a proposed rule change to update and streamline the process for specialist evaluations and clarify the time frame for specialist quotes to begin electronically after assignment, with the goal of improving market efficiency and transparency.

Source: Federal Register — SECOpen original release →