Parallel trading definition
Parallel trading means for purposes of this paper when a derivative contract traded in one jurisdiction is based on the same, or an almost identical, underlying asset, or measure, as a derivative contract traded in another jurisdiction.
Parallel trading means the concurrent trading of a contract in the pit by open outcry and on IPE ETS, it being understood that trading in the pit by open outcry and trading on IPE ETS, is each to be regarded as an independent Trading Environment;