Talk:Program trading
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Program trades need to be specifically marked as such when submitted to the exchanges, and there are certain restrictions placed on programs that do not apply to non-program trades (NYSE rule 80-A, for example).
what rule?
... and at the same time to trade slowly enough so that you do not impact the stock by "walking the book".
walking the book?
S Sepp 12:30, 13 June 2006 (UTC)