‹ 5.5.3 Bid and Offer Quotations 5.5.5 Market-Making Representative › 5.5.4 Execution of Trades If a Designated Market-Maker is not a Trading Member, its trades in any Specified Securities must be routed through a Trading Member. ‹ 5.5.3 Bid and Offer Quotations 5.5.5 Market-Making Representative ›