释义 |
affirmative obligations Affirmative ObligationFinancial Industry Regulatory Authority requirements on NASDAQ market makers. Affirmative obligations include but are not limited to ensuring a two-sided market always exists, reporting price and trading volume within 90 seconds of each transaction, and participating in the Small Order Execution System. It should not be confused with an affirmative covenant.affirmative obligations Requirements imposed by the National Association of Securities Dealers on Nasdaq market makers who must meet certain standards, including timely reporting of price and volume data, participating in the Small Order Execution System, making a two-sided market on a continuous basis, and quoting firm prices. |