Common use of MARKET MAKER OBLIGATIONS Clause in Contracts

MARKET MAKER OBLIGATIONS. (a) Beginning on the Effective Date, and except as otherwise provided for in the Agreement (including any Appendix thereto) or on the xxxxxx.xxx | Derivatives North America website, the Market Maker shall quote binding bid and offer prices throughout the duration of the listed Contracts in Market Maker’s Designated Classes, which shall be submitted as Post-Only Quotes as that term is defined in the xxxxxx.xxx | Derivatives North America Rules, at or inside of the defined maximum spread (“Defined Spread”) and not less than the defined minimum size (“Defined Size”). Market Maker shall not submit Non Post-Only Orders as that term is defined by the xxxxxx.xxx | Derivatives North America Rules.

Appears in 4 contracts

Samples: Market Maker Agreement, Market Maker Agreement, Market Maker Agreement

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