...review by the respective floor departments. (c) With respect to the general obligation of specialists to participate to the extent reasonably necessary to maintain a fair and orderly market, such rules should give emphasis to the concept of continuity with reasonable depth ; ie, participating...

...to be needed, therefore, was an SEC rule which would state "positively" the specialist's obligation "to participate to the extent reasonably necessary to maintain a fair and orderly market."68 However, when Rule llb-1 was adopted not only did it not contain a positive statement of...