Primary Market Maker definition

Primary Market Maker means a Market Maker which is registered as a
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Primary Market Maker means a Market Maker which is registered as a Primary Market Maker by the Exchange, as more particularly described in Chapter 6, the Second Schedule to these Options Trading Rules and the Operational Trading Procedures;"quote"means a Limit Order to buy and a Limit Order to sell Options Contracts in the same option series simultaneously entered into the Options Trading System by a Market Maker, as more particularly described in the Operational Trading Procedures;"quote request"means an instruction issued through the Options Trading System, in response to which Market Makers are obliged to provide quotes, as more particularly described in the Operational Trading Procedures;"recognized exchange controller"has the meaning assigned to it by section 1 of Part 1 of Schedule 1 to the Ordinance;"registered business address"has the same meaning as in the Exchange Rules;"Regular Market Maker"means a Market Maker which is not a Primary Market Maker;"Renminbi" or "RMB"means the lawful currency of the People’s Republic of China excluding, for the purposes of this definition only, Hong Kong, Macau and Taiwan;"Responsible Officer"has the same meaning as in the Exchange Rules;"Scheme Effective Date"has the same meaning as in the Exchange Rules;"securities"has the meaning assigned to it by section 1 of Part 1 of Schedule 1 to the Ordinance;"SEHK-HKATS Agreement"means the agreement in such form as may be prescribed by the Exchange from time to time which is entered into between the Exchange and an Options Trading Exchange Participant entitling such Options Trading Exchange Participant to participate in the trading of Options Contracts on HKATS in accordance with Chapter 5 of these Options Trading Rules;"SEOCH"means The SEHK Options Clearing House Limited;"SEOCH Board"means the board of directors of SEOCH, and where the context so permits, any committee of that board;
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Primary Market Maker means a Member that is approved to exercise trading privileges associated with PMM Rights.
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Examples of Primary Market Maker in a sentence

  • Participants in Market Making Schemes are assigned a Primary Market Maker (PMM) capacity.

  • Best regards Place and date: The Member Stamp and Signature 1 PMM = Primary Market Maker (market maker who quotes continuously); MM = Market Maker (market maker who respond to “request for quotes”); LP = Liquidity Provider (market maker who quotes continuously);DMM = Designated Market Maker (market maker who quotes continuously).

  • There is no obligation on any Primary Market Maker to respond to an RFQ on an underlying that they are not covering as part of their agreement.

  • Best regards The Member Stamp and SignaturePlace and date: 1 PMM = Primary Market Maker (market maker who quotes continuously); MM = Market Maker (market maker who respond to “request for quotes”); LP = Liquidity Provider (market maker who quotes continuously);DMM = Designated Market Maker (market maker who quotes continuously).

  • The Exchange shall have sole and absolute discretion in deciding on Primary Market Maker appointments.

  • On a quarterly basis, the Exchange will evaluate what percentage of the volume executed on the Exchange is comprised of orders for 5 contracts or fewer allocated to Primary Market Maker, and will reduce the size of the orders included in this provision if such percentage is over 40%.

  • For the avoidance of doubt, Primary Market Maker Permits are awarded for a limited period and shall not be automatically renewed.

  • Circumstances under which a Primary Market Maker can terminate its Primary Market Maker Permit are set out in the relevant appointment letter which may vary from one Primary Market Maker to another.

  • Options Trading Exchange Participants that wish to apply for new Primary Market Maker Permits shall follow the application procedures set out in 4.2.

  • The bidding process shall be closed and a limited number of Primary Market Maker Permits shall be allocated based on the obligation level commitment of the bidders and any other criteria that the Exchange thinks appropriate.

Related to Primary Market Maker

  • Market Maker means a broker or dealer permitted by the SEHK to act as such by making a market for the Units in the secondary market on the SEHK.

  • Primary Market means on any of (a) the American Stock Exchange, (b) New York Stock Exchange, (c) the Nasdaq Global Select Market, (d) the Nasdaq Global Market, (e) the Nasdaq Capital Market, or (e) the Over-the-Counter Bulletin Board (“OTCBB”)

  • Reference Market-Maker means a leading dealer in the relevant market that is selected in a commercially reasonable manner and is not an affiliate of either party.

  • Reference Market-makers means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.

  • Market Making means the continuous tender of two-way quotes by a Market Maker i.e. Bid Price and Offer Price for the purchase and sale of the equity securities of GC;

  • Secondary Market refers to a bulletin board platform at wxx.xxxxxxxxxxx.xx created by Masterworks.

  • exempt market dealer means a person or company registered in the category of exempt market dealer;

  • Secondary Market Transaction shall have the meaning set forth in Section 11.1 hereof.

  • Spot Market means a commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, and other non-financial markets, such as forward markets for commodities;

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Dealer Manager Fee means the fee from the sale of Shares in a Primary Offering, payable to the Dealer Manager for serving as the dealer manager of such Primary Offering.

  • Portal Market means The Portal Market operated by the National Association of Securities Dealers, Inc. or any successor thereto.

  • Quotation means the offer letter and quotation provided separately to Customer.

  • Trading System means the Company’s electronic trade execution system that is used for the trading of Swaps, including the associated hardware, software, systems and communications links.

  • FINRA means the Financial Industry Regulatory Authority.

  • securities dealer means a person or entity that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments or to provide portfolio management or investment advising services.

  • NASD means the National Association of Securities Dealers, Inc.

  • OTC means Over-the-Counter.

  • External Market Buyer means a Market Buyer making purchases of energy from the PJM Interchange Energy Market for consumption by end-users outside the PJM Region, or for load in the PJM Region that is not served by Network Transmission Service.

  • Stock Market means a securities market operated by a securities exchange;

  • Trading Hours means the hours of trading as set forth on the Trading Platform for a particular Underlying Asset.

  • Daily Market Price means the price of a share of Common Stock on the relevant date, determined (a) on the basis of the last reported sale price regular way of the Common Stock as reported on the Nasdaq Stock Market's National Market (the "NNM"), or if the Common Stock is not then listed on the NNM, as reported on such national securities exchange upon which the Common Stock is listed, or (b) if there is no such reported sale on the day in question, on the basis of the average of the closing bid and asked quotations regular way as so reported, or (c) if the Common Stock is not listed on the NNM or on any national securities exchange, on the basis of the average of the high bid and low asked quotations regular way on the day in question in the over-the-counter market as reported by the National Association of Securities Dealers Automated Quotation System, or if not so quoted, as reported by National Quotation Bureau, Incorporated, or a similar organization.

  • Open Market Purchase shall have the meaning specified in Section 2(I)

  • Subsequent Market means the New York Stock Exchange, American Stock Exchange, Nasdaq SmallCap Market or Nasdaq National Market.

  • Principal Market means the Nasdaq National Market, the Nasdaq SmallCap Market, the American Stock Exchange, the OTC Bulletin Board or the New York Stock Exchange, whichever is at the time the principal trading exchange or market for the Common Stock.

  • Relevant Stock Exchange for the Fund means the primary exchange or quotation system on which shares (or other applicable securities) of the Fund are traded, as determined by the Calculation Agent.