Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • David Arden to step down as Metro Bank CFO forex news
  • Belgian FSMA warns against companies offering Expert Advisors forex news
  • Interactive Brokers launches Traders’ Insight Radio forex news
  • SoFi Technologies to acquire Technisys forex news
  • Plus500 completes acquisition of Cunningham Commodities LLC forex news
  • TradeStation launches new FIX API connection for crypto customers forex news
  • Admirals improves cryptocurrency CFD trading terms forex news
  • Binance restricts Australian clients from opening new options accounts forex news

Cboe to introduce enhanced price sliding for MM quotes

Posted on 2021-08-25 By admin No Comments on Cboe to introduce enhanced price sliding for MM quotes

Effective September 15, 2021, Cboe Options Exchange (C1), C2 Options Exchange (C2), BZX Options Exchange (BZX), and EDGX Options Exchange (EDGX) will begin supporting enhanced price sliding for Market-Maker (MM) quotes.

Currently, MM quotes are rejected when entered at a price that crosses the contra side NBBO. MM quotes that lock the contra side NBBO are accepted or cancelled based on the PostingInstruction on the quote update.

Upon the effective date, the system will accept MM Quotes priced through the contra side NBBO within a configurable buffer. Quotes priced through the configured buffer will be rejected with the applicable reason code regardless of the PostingInstruction. The buffer will be configured at 5% with a minimum of $0.05 and a maximum of $1.00.

C1, C2, EDGX

  • Quotes will execute upon arrival, when possible, against non-MM interest priced at or better than the best away market or best contra side local MM quote.
  • Based on the PostingInstruction field, the remaining interest will be adjusted to display and rank one minimum price variance (MPV) away from the prevailing contra side NBBO.
  • If the NBBO fades, the quote will readjust to rank and display at that previously prevailing NBBO price.
  • Quotes can be opted out of the price-sliding functionality by specifying “Book Only, No Slide” or “Post Only, No Slide” in the PostingInstructions field on the Quote Update message. In such cases, any un-executed remainder of the incoming quote will be automatically cancelled.

BZX

  • Quotes will execute upon arrival when possible, if there is local interest at or within the NBBO. Based on the PostingInstruction field, any un-executed balance of the inbound quote will either be (A) cancelled; or (B) adjusted to rank at a price locking the prevailing contra side NBBO and will display one MPV worse, depending on the sender’s choice.
  • If the NBBO fades, the quote will readjust to rank and display at that previously prevailing NBBO price.

Testing of the new price sliding functionality is currently available in the BZX, C1, C2, and EDGX Options certification environments.

forex news Tags:forex-news

Post navigation

Previous Post: ASIC looks to ban payment-for-order-flow in Australia
Next Post: FXCM adds Australia single share CFDs

Related Posts

  • Coinbase claims SEC plans action over Coinbase Lend program forex news
  • BIS, several c-banks to test CBDCs for international settlements forex news
  • Robinhood IPO filed: 17.7M active users, $81B client assets, 50% first-time investors forex news
  • Saxo Group – India marks another milestone in its growth journey forex news
  • Marex gets a slap on the wrist for deficient reporting of block trades forex news
  • Spreadex becomes shirt sponsor of EPL team Burnley FC forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • FINRA goes after StockKings forex news
  • Refinitiv launches USD IBOR Institutional Cash Fallbacks in production forex news
  • LSEG announces amendment to agreements with Refinitiv shareholders forex news
  • Former HSBC FX trader surrenders to US Bureau of Prisons forex news
  • FINRA fines SogoTrade for lack of Securities Trader registration of two APs forex news
  • Italy’s CONSOB blocks access to more unauthorized investment websites forex news
  • HK watchdog takes disciplinary action against 33 Financial Services Limited forex news
  • Sara Baack to transition from her role as Equinix CPO forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme