Customer Limit Orders

The Securities and Exchange Commission proposes a rule setting standards for market makers in handling customer limit orders in NASDAQ National Market System securities. The rule would prohibit a market maker from trading for its own account, directly, or indirectly, at a price at which the market maker could execute a customer limit order it is holding, without executing the customer's limit order at the limit price or a price more favorable to the customer under the specific terms and conditions by which the order is accepted by the market maker.