Regulation NMS:
I. Supports the goal of integrating financial markets
II. Requires the use of specialists to execute trades
III. Requires that exchanges honor quotes of other exchanges when they can be executed automatically

Question

Quizplus · Accepted Answer

Regulation NMS supports the goal of integrating financial markets and requires that exchanges honor quotes of other exchanges when they can be executed automatically. However, it does not require the use of specialists to execute trades.

Regulation NMS: I. Supports the Goal of Integrating Financial Markets