Primary Market Maker definition

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 Market Maker which is registered as a
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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

  • A Primary Market Maker may apply to the Exchange to withdraw temporarily from its Primary Market Maker status in an options class.

  • The Primary Market Maker must base its request on demonstrated legal or regulatory requirements that necessitate its temporary withdrawal, or provide the Exchange an opinion of counsel certifying that such legal or regulatory basis exists.

  • The total number of contracts executed during a quarter by a Primary Market Maker in options classes to which it is not appointed may not exceed twenty-five percent (25%) of the total number of contracts traded per each Primary Market Maker Membership.

  • A Primary Market Maker in the Fund Shares, as defined in Options 4, Section 3(h), is obligated to conduct all trading in the Fund Shares in account(s) that have been reported to the Exchange.

  • A Primary Market Maker is not entitled to receive a number of contracts that is greater than the size that is associated with its quote.

  • Every Primary Market Maker shall maintain net liquidating equity of not less than $3,250,000 plus $25,000 excess equity for each underlying security upon which appointed options are open for trading in excess of the initial ten (10) underlying securities.

  • The Exchange will act promptly on such a request, and, if the request is granted, the Exchange will temporarily reassign the options class to another Primary Market Maker.

  • A holder of a PMM Right shall (A) exercise the trading rights and privileges associated with such PMM Right if such holder is approved as a Primary Market Maker under the Constitution and Rules, or (B) lease all (but not less than all) the trading rights and privileges to an entity that is approved as a Primary Market Maker under the Constitution and Rules.

  • 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%.

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 has the meaning set forth in Section 5.5.

  • spot market means any commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, as well as 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.

  • Bulletin Board means the Over-the-Counter Bulletin Board.

  • Quotation means the Bidder’s response made on the Quotation form set out on Part E of this RFQ with all appendices or addenda submitted by the Bidder in response to the RFQ;

  • 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, Inc.

  • 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 market, or other place at which, or a facility by means of which—

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

  • Daily Market Price means, as of any date of determination, the closing sale price for the Common Stock (or such other applicable subject security), for the Trading Day of such date of determination (subject to equitable adjustment for any stock splits, stock dividends, reclassifications or similar events during such Trading Day and further subject to adjustment as provided herein) on the principal United States securities exchange or trading market where the Common Stock (or such other applicable subject security) is listed or traded as reported by Bloomberg, or if the foregoing does not apply, the closing sale price for the Common Stock (or such other applicable subject security) in the OTC Bulletin Board for such security as reported by Bloomberg, or, if no sale price is reported for such security by Bloomberg, the closing sale price as reported in the “pink sheets” by the Pink Sheets LLC, in each case for such date or, if such date was not a Trading Day for such security, on the next preceding date which was a Trading Day. If the Daily Market Price cannot be calculated for such security as of either of such dates on any of the foregoing bases, the Daily Market Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Holders of a majority of the principal amount and interest of the Notes outstanding and reasonably acceptable to the Company, with the costs of such appraisal to be borne by the Company.

  • 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.