Options Hedging Transaction definition
Options Hedging Transaction means the purchase or sale of an underlying stock of an Options Contract for the purpose of hedging against the risk of short or long market making positions in that Options Contract held by a Market Maker in its own account or in the account of an affiliate of the Market Maker; “Options System” means the Options Trading System and the Options Clearing System and any other facility provided by the Exchange or SEOCH for the transaction of Exchange Traded Options Business; “Options Trading Exchange Participant” means a person registered as such by the Exchange pursuant to the Options Trading Rules and “Options Trading Exchange Participantship” shall be construed accordingly; “Options Trading Rules” means the options trading rules of the Exchange, as from time to time in effect; “Options Trading System” means HKATS, the system provided by the Exchange for the trading of Options Contracts; “order” means any order which may be a buy order or a sell order, including at-auction order, at-auction limit order, limit order, enhanced limit order and special limit order; “Ordinance” means the Securities and Futures Ordinance and, unless the context otherwise requires, any subsidiary legislation made thereunder; “Participant” means a person which is admitted or registered as an Exchange Participant or a Special Participant, and “Participantship” shall be construed accordingly; “personal data” has the meaning as defined in the Personal Data (Privacy) Ordinance; “Pilot Program” means the Nasdaq-Amex Pilot Program for the trading of a number of Nasdaq-Amex listed securities on the Exchange; “Pilot Program Market Maker” means an Exchange Participant registered as a market maker by the Exchange, as more particularly described in the Securities Market Maker Regulations in the Fourteenth Schedule to these Rules;