Quick NMS question

Discussion in 'Order Execution' started by listedguru, Mar 5, 2007.

  1. If there are several market participants all offering stock at 30.25 are we required to hit the market participant at the top of the level II? Or can we hit any market center as long as it's at that 30.25 price?

  2. you can hit anyone as long as there isn't a better price on the bid/offer.