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Friday, June 14, 2013

Equity Trader Alert #2013 - 55
PSX Postpones Lead Market Maker Program Launch

Markets Impacted:

Contact Information:

What you need to know:

  • NASDAQ OMX PSX will be postponing the introduction of LMMs until a date to be announced.

What is happening?

NASDAQ OMX PSXSM (PSXSM) has announced that the Lead Market Maker program for Exchange Traded Products, originally introduced in ETA 2013-41, will be postponed until a date to be determined.

In order to conduct further analysis of how such a program can best serve market participants that trade ETPs, PSX has withdrawn the proposal from the Securities and Exchange Commission (SEC) and will refile a modified version at a later date for SEC approval.

Where can I find additional information?


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