Withdrawal of Quotations and Voluntary Termination of Registration

What this video covers

• The normal sequence for withdrawing quotations: contact ADF Operations, obtain excused withdrawal status, then withdraw
• The emergency exception when an Alternative Display Facility (ADF) Trading Center cannot submit automated quotations or immediately and automatically respond to orders
• The difference between religious holiday and vacation requests, including one business day notice, Financial Industry Regulatory Authority (FINRA) approval, and the itemized securities list required for vacation
• The legal or regulatory requirement checklist, including notification, demonstration, appropriate documentation, a representation that the condition is not permanent, and the 60-day ceiling
• Invalid grounds such as pending news, a sudden influx of orders or price changes, competitor-related transactions, and chronic system failures within the member's control
• The five-minute lapse, post-halt deadline, and 20-business-day bar on re-registering after voluntary termination
• Electronic communications network (ECN) procedures, clearing-arrangement failures, and the re-registration relief available for NASDAQ securities