Examples of Eligible Option Class in a sentence
The Firm Customer Quote Size will be at least 10 contracts for each series of an Eligible Option Class unless the receiving Participant Exchange is disseminating a quotation of less than 10 contracts, in which case this number may equal such quotation size.(10) ‘‘Firm Principal Quote Size’’ means the number of options contracts that a Participant Exchange guarantees it will execute at its disseminated quotation for incoming Principal Orders in an Eligible Option Class.
This number will be at least 10 unless the receiving Participant Exchange is disseminating a quotation of less than 10 contracts, in which case this number may equal such quotation size.(10) ‘‘Firm Principal Quote Size’’means the number of option contracts that a Participant Exchange guarantees it will execute at its disseminated quotation for incoming Principal Orders in an Eligible Option Class.
Proposed additions are initalics.* * * * *Chicago Board Options Exchange, Incorporated Rules* * * * *Section E: Intermarket LinkageParticipant Exchange receiving a P/A Order guarantees it will automatically execute at its disseminated quotation in a series of an Eligible Option Class for Customer orders entered directly for execution in that market.
Relating to the Definition of Firm Customer Quote Size and Firm Principal Quote Size Pursuant to the Intermarket Options Linkage PlanSeptember 10, 2004.Pursuant to Section 19(b)(1) of thedisseminated quotation in a series of Eligible Option Class for Customer orders entered directly for execution in that market.
When purchasing or selling, either as principal or agent, any options series of an Eligible Option Class, or when sending a Linkage Order, members of a Participant should avoid initiating a Trade-Through unless one or more of the provisions of paragraph (iii) below are applicable.
After the 15 second period, and until the sooner of one minute after the initial execution or a change in its disseminated offer (bid), section 7(a)(ii)(C) provides that the Participant that provided the initial execution is not obligated to execute any P Orders received from the same Participant in the same Eligible Option Class in its automatic execution system.
The number shall be at least 10 unless the receiving Participant Exchange is disseminating a quotation of less than 10 contracts, in which case this number may equal such quotation size.(8) ‘‘Firm Principal Quote Size’’means the number of options contracts that a Participant Exchange guarantees it will execute at its disseminated quotation for incoming Principal Orders in an Eligible Option Class.
A Participant shall not send a Principal Order or P/A Order in an Eligible Option Class to a Participant whose quotes in such class are Non-Firm, and any Participant whose quotes are Non-Firm shall not accept any Principal Order or P/A Order from another Participant.
This number shall be at least 10 contracts unless the receiving Participant Exchange is disseminating a quotation of less than 10 contracts, in which case this number may equal such quotation size.(h) ‘‘Firm Principal Quote Size’’means the number of option contracts that a Participant Exchange guarantees it will execute at its disseminated quotation for incoming Principal Orders in an Eligible Option Class.
Whenever and so long as a Participant has disseminated notice to the other Participants that its quotations in an Eligible Option Class are Non-Firm, no Eligible Market Maker on that Participant may transmit a Principal Order with respect to such Eligible Option Class through the Linkage.