Amendments to HedgeStreet Rule 1.1(c) relating to location of fee schedule and Rules 4.4, 5.4 and 5.5 relating to Market Maker orders
The HedgeStreet Rule Committee has approved revisions to HedgeStreet Rules 4.4, 5.4 and 5.5, which allows Market Makers to place both buy and sell orders in the order book without having the necessary funds/contracts at the time the order is entered. Instead, for sell orders, the market maker must have those contracts in its account at the time the order is executed or must have sufficient funds to subscribe for the number of Hedgelet Pairs necessary to fill that sell order at the time the order is executed. Conversely, for buy orders, market makers must have sufficient funds to purchase the number of Contracts necessary to fill the buy order at the time the order is executed. The HedgeStreet Rule Committee has amended HedgeStreet Rule 1.1(c) to stipulate that HedgeStreet's fee schedule is available on HedgeStreet's website. View the rule changes.