EDGX ExchangeSM (EDGX®) and EDGA ExchangeSM (EDGA®) are updating the behavior of the ROOC routing strategy. The ROOC routing strategy is designed to allow Members to participate in the opening and/or closing process of a security’s listing market. Effective Monday, June 2, 2014 for EDGA and Monday, June 9, 2014 for EDGX, the ROOC routing strategy will also route orders to participate in the listing market’s re-opening process following a halt, suspension or pause.
Functionality Details
- Orders eligible to participate in the opening and/or closing process of the listing market will participate in the listing market’s re-opening process.
- All ROOC orders will be sent to the listing market for the re-opening process, including orders received subsequent to the halt.
- Any unexecuted shares remaining from the listing market’s re-opening process will return to EDGA or EDGX and be either executed or posted to the book.
More Information
- Refer to EDGX Rule Filing SR-EDGX-2014-11.
- Refer to EDGA Rule Filing SR-EDGA-2014-10.