As announced in Direct Edge Trading Notice #12-55, Direct Edge discovered a discrepancy between its rules that describe the operation of the Route Peg Order — EDGA Rule 11.5(c)(14) and EDGX Rule 11.5(c)(17) (together, the “Route Peg Rules”) — and the actual manner in which the Route Peg Order operates on the Exchanges’ Systems. This notice confirms that we have successfully implemented systems changes to the Exchanges and the Route Peg Order is now re-enabled and functions precisely as set forth in the Route Peg Rules.
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- Refer to the original notice: Direct Edge Trading Notice #12-55.