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Manning rule dictates that retail orders held by a market maker must be filled before any other orders (or equally that fills must be given to the retail order)
by physguy1123 8y ago
Manning rule dictates that retail orders held by a market maker must be filled before any other orders (or equally that fills must be given to the retail order), brokers don't look kindly on firms that reject customer orders with any regularity, and anyways retail flow on a volatile+wide spread symbol are loved by market makers.
- qeternity 8y agoThis. Even in markets with last look, you will lose your flow if you dick about too much.
- physguy1123 8y agoI know of certain firms that will never reject retail orders unless they're truly invalid and will just fill at a loss to keep their flow.