During the 1990s, the SEC continued its emphasis on greater quote and price transparency. In this regard, the SEC instituted new order handling rules in 1997. These rules include: ________.

Question

Quizplus · Accepted Answer

All of these rules were instituted by the SEC in 1997 as part of its emphasis on greater quote and price transparency. Rule A required market-makers to display any customer order they held in their quote. Rule B allowed market-makers to place a more aggressive quote in an ECN if the ECN displayed the top of its book in the Nasdaq quote montage. Rule C required market-makers to update their own quote in Nasdaq to match the ECN quote if the ECN's best quote was not shown in the quote montage.

During the 1990s, the SEC Continued Its Emphasis on Greater