Rule requiring market makers to publish quotations for any listed security when a quotation represents more than 1% of the aggregate trading volume for that security.
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An SEC rule requiring market makers and specialists on different exchanges to provide public quotes on the securities for which they are making markets (that is, serving as a counterparty for transactions when no one else is available). The quote rule is intended to increase transparency in the market.
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An SEC rule that requires specialists and market makers to maintain and provide continuous, firm quotations for the securities in which they make a market.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.