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Re:A High Frequency Trader's Apology, Pt 2 by sailfrog on Thursday April 26, 2012 @01:57PM (#3895259)
I'm not sure reg NMS allows this. Registered exchanges publish protected quotes that other venues are not allowed to trade through.
Re:A High Frequency Trader's Apology, Pt 2 by boxy_brown on Thursday April 26, 2012 @03:01PM (#3895583)
> I'm not sure reg NMS allows this.

This is correct. It would be extremely, unequivocally forbidden under Reg NMS to create a quote-disseminating market center with the proposed property.