Designated Market Maker definition
Examples of Designated Market Maker in a sentence
In the case of any inconsistency between the terms of this Designated Market Maker Agreement and the terms of the Member Agreement, the terms of the Member Agreement shall govern.
Upon execution of this Designated Market Maker Agreement, the DMM agrees to act as a Designated Market Maker for all securities assigned to it by the Exchange.
Each provision of this Designated Market Maker Agreement is intended to be severable.
For the avoidance of doubt, where market making obligations are suspended, the Designated Market Maker shall not be deemed to be in breach of this Agreement if quotes/orders are widened or not made during the period of suspension.
The provisions of the Member Agreement, including without limitation all provisions with respect to the definitions, rights and responsibilities of the parties, representations and warranties, confidentiality, warranty, limitation on liability, indemnification, and dispute resolution provisions, to the extent that they are not inconsistent with the provisions hereof, apply mutatis mutandis to this Designated Market Maker Agreement.