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Glossary > N > "Nine Bond Rule" Definition

Nine Bond Rule

NYSE requirement that all orders for nine bonds or less be sent to the floor for one hour to seek a market, unless the customer directs the broker to go to the OTC market.

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Nine Bond Rule - NYSE requirement that all orders for nine bonds or less be sent to the floor for one hour to seek a market, unless the customer directs the broker to go to the OTC market.

Nine Bond Rule : nyse requirement that all orders for nine bonds or less be sent to the floor for one hour to seek a market, unless the customer directs the broker to go to the otc market.