Spitting into the soup of the MM :-)

[1245]

Would it be allowed if on different exchanges? Bid on CBOE and offered on BATS for example?

I just checked with someone that I believe understands the rules. They told me it is not against exchange rules to bid to open on one option exchange and offer to open on another. You just need to get your broker to allow it.

1245

 

[FSU]

I just checked with someone that I believe understands the rules. They told me it is not against exchange rules to bid to open on one option exchange and offer to open on another. You just need to get your broker to allow it.

1245

Thanks for the info

 

[FSU]

Good question. I never had to ask that one.


If you claim pro-customer, you can make two sides markets but many brokers including IB still block two sided markets because it's to hard to code two sets of rules.

Of course pro customer status comes with much higher exchange fees and data charges. You also lose customer priority.

 

[1245]

You are correct.