Cboe Options and EDGX Options to introduce enhancements to Product Solicitation and Allocation process

Maria Nikolova

Firms that are DPMs on C1 and Market-Makers on EDGX will be able to respond to new product solicitations and re-allocations from one location.

Cboe Options (C1) and EDGX Options (EDGX) Exchanges are set to introduce enhancements to the Product Solicitation and Allocation process, effective May 1, 2020.

These enhancements will enable Designated Primary Market-Makers (DPMs) to utilize the Customer Web Portal to make selections for new product solicitations and current product re-allocations for each exchange. Firms that are DPMs on C1 and Market-Makers on EDGX will be able to respond to new product solicitations and re-allocations from one location.

For all product solicitations after May 1, 2020, DPM firms on C1 and Market-Makers on EDGX will use the Customer Web Portal to make their product selections and rankings for new products and re-allocations.

The Customer Web Portal enhancements will include:

  • Automated emails that notify a C1 DPM and EDGX Market-Maker that a product allocation has been initiated and the firm should log into the Customer Web Portal to participate.
  • The ability for C1 DPMs and EDGX Market-Makers to have a single location on the Customer Web Portal to make all new allocation selections and rankings.
  • The ability for C1 DPMs and EDGX Market-Makers to have a single location on the Customer Web Portal to request products being re-allocated.
  • The ability to identify the MMID and associated EFID each selected product is assigned.
  • Automated emails/notices indicating what products each C1 DPM and EDGX Market-Maker were allocated during a newly listed product(s) or a re-allocated product session. These emails/notices will be delivered to individuals/contacts identified by the firm.
  • C1 emails/notices will include the floor Post and Station locations where each newly listed product will trade in open outcry.

Firms are advised to contact Market Services to designate contact information for receiving automated emails. DPMs on C1 and Market-Makers on EDGX can contact Market Services for additional information about the changes being implemented.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<