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Trade or Send Rule
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A proposed rule to facilitate multiple exchange option trading without permitting customer orders to trade through better bids or offers. If the market maker at an exchange receiving a customer order sees a better bid or offer at another exchange listing the option, he must trade at the better price or send the order to that market. This rule has not been implemented partly because it would require an expanded electronic linkage among the exchanges. Compare with Trade or Fade Rule.
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