Lead Market Maker definition

Lead Market Maker means a Participant Firm that has entered into a Lead Market Maker Agreement.
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Lead Market Maker. ’ means a Market Maker registered with the Exchange for a particular LMM Security that has committed to maintain Minimum Performance Standards in the LMM Security. See Rule 11.8(e).
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Examples of Lead Market Maker in a sentence

  • Lead Market Maker shall post bids and offers in the Product in the size and quantity represented by Lead Market Maker in its Bid Sheet.

  • Lead Market Maker agrees and acknowledges that it is a non-exclusive lead market maker and that CME may, in its sole discretion, designate other lead market makers or market makers for the Product.

  • As a LMM, Lead Market Maker will be entitled to “jump” the FIFO queue and receive its Guaranteed Percentage of order flow ahead of other market participants with bids or offers at the same price, including market participants that achieve TOP order priority by “turning” the market.

  • If an offer for 4 contracts at 7 were then placed, Lead Market Maker would be entitled to 1 contracts (40% * 4 contracts = 1.6 contracts rounded down = 1 contracts).

  • Lead Market Maker shall continuously post bids and offers in the Product on Globex from 8:00 a.m. until 4:00 p.m., Chicago time, Monday through Friday, excluding any periods during which the Product is unavailable for trading on Globex.

  • Lead Market Maker will be entitled to receive a guaranteed percentage (the “Guaranteed Percentage” as further described below) of order flow in the Product that may be matched by a Lead Market Maker bid or offer described in this Agreement.

  • The market is 6 bid, 8 offer, and the following occurs: (a) Bidder 1 “turns” the market by bidding 7 on 10 contracts, (b) Bidder 2 bids 7 for 20 contracts, and (3) Lead Market Maker subsequently matches the bid of 7 on 50 contracts.

  • If Lead Market Maker’s Guaranteed Percentage and the bids of market participants with FIFO priority ahead of Lead Market Maker are fully satisfied, Lead Market Maker may receive any remaining portion of an offer through simple FIFO allocation.

  • However, as an LMM, Lead Market Maker would be entitled to jump ahead of both Bidder 1 and Bidder 2 to receive the applicable Guaranteed Percentage of any offer that is entered at 7.

  • If CME, in its sole discretion, delists the Product, it shall provide Lead Market Maker with reasonable advance notice of such decision and such futures contract shall no longer be deemed Product within the meaning of this Agreement following delisting.