Effective Monday, July 18, 2005, Amendment to Market Making Rules Expected to Broaden the Benefits Under Rule 4.4(b)
Pursuant to Commission Regulation §40.6(a), HedgeStreet has submitted to the Commission an amendment to Rule 4.4(b) in order to allow market makers who i) satisfy all of the market maker obligations in HedgeStreet's rules and ii) direct new members to HedgeStreet, an opportunity to share in a percentage of trading fees that are generated in the market maker's Designated Classes* ("Revenue Sharing"). This Revenue Sharing will be based on a percentage of the transaction volume in the contracts to which the market maker is designated as market maker.
* "Designated Classes" are those Classes of contracts in which a market maker has been appointed to abide by all of the market maker obligations defined in HedgeStreet Rule 4.5 as well as the respective market maker agreement.
Click here to view the Rule amendment.