Market Makers
A market maker posts a quote of 10.00 - 10.10 [25x10]. What is the market maker willing to do?
In a market maker quote, the first number is the bid (price to buy), the second is the ask (price to sell). The bracketed numbers indicate size in round lots (100 shares). So 25x10 means 25 round lots (2,500 shares) on t
Complete Analysis & Legal Rationale
In a market maker quote, the first number is the bid (price to buy), the second is the ask (price to sell). The bracketed numbers indicate size in round lots (100 shares). So 25x10 means 25 round lots (2,500 shares) on the bid at $10.00 and 10 round lots (1,000 shares) on the ask at $10.10.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.