Published Date : 1/11/2013
Direct Edge Trading Notice #13-02: Update to Trading Notice #12-64
As announced in Direct Edge Trading Notice #12-64, Direct Edge identified a discrepancy between the EDGA Exchange (EDGA®) order priority rule, EDGA Rule 11.8(a), and existing functionality that may occur with certain sell orders during a locked market. This notice confirms that we have successfully tested and implemented system changes on EDGA to ensure orders are assigned priority precisely as set forth in EDGA Rule 11.8(a), effective for trading on January 14, 2013.
Effective Thursday, February 21, 2013, the discrepancy that occurs during crossed markets on EDGA and EDGX Exchange (EDGX®) has also been successfully tested and system changes have been implemented to ensure orders are assigned priority precisely as set forth in Rules 11.8(a).