Reserve s-Quote
A portion of an s-Quote that a specialist designates not to display at the NYSE best bid or offer. This option is available only after a minimum display requirement of 1,000 shares for the most active stocks and 500 shares for other stocks has been satisfied. The displayed quantity is replenished by the reserve portion up to the total order quantity as executions are received. Specialist reserve interest yields to displayed interest at the NYSE best bid or offer and participates with e-Quote reserve on a parity basis.