A Participant is filling a client's buy order for 3,000 shares of a stock as principal. The stock is trading at $5.00 bid and $5.05 ask. One standard trading unit for this security is 100 shares. What is the REQUIRED action regarding price improvement?

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The order is for 30 units (under 50) and has a value of $15,150 (under $100,000). Since both thresholds are met, the Participant must provide a price better than the market ask ($5.05) for a client buy order.

A Participant is filling a client's buy order for 3,000 shares of a stock as principal. The stock is trading at $5.00 bid and $5.05 ask. One standard trading unit for this security is 100 shares. What is the REQUIRED action regarding price improvement?

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