09.25.2014
By Terry Flanagan

No Day ISO: Tradebook Calls for SEC Review of Proposed Day ISO Order Types

Yesterday, we submitted a comment letter to the U.S. Securities and Exchange Commission petitioning it to disapprove the NYSE’s request to amend its Rule 13 in order to introduce the Day ISO and Day ISO ALO (Add Liquidity Only) order types. We asked the commission to disapprove the use of similar order types on all other exchanges.

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