Situation |
Impacts |
Response |
Either Market Center is: 1) Marking their quotes as “manual”, 2) Cannot mark their quotes as “manual”, 3) Or cannot update existing quotes. |
During Trading Hours: Unless CHX excludes affected Market Center’s quotes from BBO calculations (implementing Self Help Procedures), CHX may not be adequately validating against locked markets, trade-throughs, or suspending trading. And may be trading against stale BBO information. |
1) Notify management. 2) Consider implementing Self Help Procedures. - Confirm Market Center Issues - Use NTM Control Utilities MDP CQS/UQDF Control CQS Markets commands. - Send Self Help Email Notices |
Scope of Impact Response Considerations:
1) Any problems or their resolution are not in CHX’s control. Respond appropriately to whichever market center is having issues.