Market Maker Withdrawals
Nasdaq market makers may need to withdraw their quotes from time to time. To do so, they must request a voluntary withdrawal. An experienced trader, who cannot be easily replaced, may become unavailable due to sickness, holidays, or vacation, for example. The market maker may be compelled to withdraw because it obtains material inside information and is not permitted to trade in the security until the information becomes public. Other reasons for a temporary withdrawal may include equipment malfunction, involuntary failure to maintain a clearing agreement,