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Are Amex specialists subject to the Manning Rule?

April 26, 2017AMEX manning rule specialists Subject

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Are Amex specialists subject to the Manning Rule?

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The Manning Rule is only applicable to trades in markets, which the NASD regulates as SRO. The Amex, however, has a similar rule. Pursuant to Amex Rule 155, a specialist on the Amex must give precedence to executable orders entrusted to him or her as an agent before buying or selling in the same stock for an account in which the specialist has an interest.