Imported from previous forum
Hi,
This might not be completely FIX related but thought I get some feedback from business domain experts.
I hear that Price Improvement for OTCBB securities can sometimes be misused by traders to buy/sell stocks for themselves undercutting their clients.
anyone knows what this abuse is about ?
here is a link on otcbb ammendment that is supposed to prevent this:
http://www.otcbb.com/news/2001/generalnews/lopapprovalorder2.stm
I am trying to implement this rule into a product but trying to underestand the underlying reason for it rather than mechanically implement it.
J.