maximum number of shares to be filled on bid or ask

[zdreg]

I vaguely recall that market makers or specialists are automatically filled for up to 1000 shares on the bid or ask.
is this statement correct?

 

[Robert Morse]

No.

 

[zdreg]

succint

 

[Robert Morse]

The Nasdaq SOES routing in the 80’s might have had that minimum for a Nasdaq member.

 

[Maverick2608]

succint

succinct

 

[zdreg]

succinct

that was my biggest fat finger error of the day.