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Regulation NMS: A Primer On The Complex

By strengthening protection of displayed limit orders through the rule, the SEC sought to reward market participants for displaying their trading interest and thereby to promote fairer and more vigorous competition among orders seeking to supply liquidity to the market.

By strengthening protection of displayed limit orders through the rule, the SEC sought to reward market participants for displaying their trading interest and thereby to promote fairer and more vigorous competition among orders seeking to supply liquidity to the market.

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