Withdrawing interest on a valid bid or offer for a given security even though the price and quantity are correct. Backing away is a common practice among broker dealers, but each time a broker dealer backs away they run the risk of violating NASD regulations that govern this type of action.
Related information about backing away:
- Backing Away Definition | Investopedia
Failure by a market maker in a security to honor the quoted bid and ask prices for a minimum quantity. Backing away constitutes a serious violation of industry ...
- Backing Away - The Free Dictionary
a. The posterior portion of the trunk of the human body between the neck and the pelvis; the dorsum. b. The analogous dorsal region in other animals. 2.
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- Editorial: Backing away from the fiscal cliff - The Denver Post
Oct 7, 2012 ... With the nation headed toward the dreaded "fiscal cliff," it appears there is now some faint hope we can steer out of harm s way.
- Towns backing away from regional dispatch center - NewsTimes
Nov 15, 2012 ... A proposal to combine emergency dispatch operations for Danbury and four other communities is now generating skepticism from several of ...