NYSE SOC orders, why did the SEC even bother with reg NMS?

Discussion in 'Order Execution' started by Daal, Aug 26, 2007.

  1. Daal


  2. I read it different.

    I read it that if execution of any part of an SOC order would violate NMS-protected quotes displayed by other market centers, then that part of the order would not execute and would be immediately cancelled. SOC orders execute only to the extent permitted by Regulation NMS.