BD Quoting Obligations


A broker-dealer that acts as a market maker on an exchange or other organized equities market is generally required to maintain a continuous, two-sided quotations in any security for which it acts as a market maker.

All broker-dealers, regardless of their status as market makers, are expected to be willing to stand by their quotations; i.e., to execute a purchase or sale at the price and size indicated in any quote they display. See also the topic page on Muni Security Quoting Obligations.



SEC and FINRA Rules