When an order is sent electronically to the Amex to buy the shares offered, is the crowd able to participate, locking the electronic order out of part of the offered stock?
No. The Amex has a rule called eQPriority, which guarantees that the electronically delivered order has priority over all other interest in the crowd up to the amount of shares published in the Amex quote at the time the order is announced. The crowd is only able to match the electronic order after such order is filled for the amount published in the quote.
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