Amendments to HedgeStreet Rules 5.4(b)-(d) and 5.5(d) and the addition of Rule 5.4(e) relating to Market Maker Orders
The HedgeStreet Rule Committee has approved revisions to HedgeStreet Rules 5.4(b)-(d) and 5.5(d) and added new Rule 5.4(e), allowing a Market Maker to enter Market Maker Orders, for both Long and Short Variable Payout Hedgelets for which a Market Maker does not have an offsetting position. A Market Maker's account will not be debited the requisite amount of funds until a trade is executed on the market. Once the trade is matched on the market, HedgeStreet will automatically deduct the requisite amount of funds to cover the maximum potential loss from the Market Maker's account. View the rule changes.