Quote Indicators
• In general, quote indicators were either changed or added
to reflect instances when quotes are slow, meaning they are
not immediately available for automatic execution and
therefore can be traded through as per Reg NMS.
• A variety of market conditions can cause quotes to be slow,
including trading halts, locked or crossed markets, gap
quotes, and Liquidity Replenishment Points (“LRP”).
•While the Hybrid Market is designed to keep instances of
slow quotes to a minimum, quote indicators alert market
participants that a significant pricing event may be
taking place on the floor. |