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This document outlines the procedures and regulations related to market making in options trading, including the application, renewal, surrender, and revocation of market maker permits, as well as

How to fill out operational trading procedures

How to fill out Operational Trading Procedures

1. Gather all necessary documentation related to trading operations.
2. Identify the key processes involved in trading activities.
3. Outline specific roles and responsibilities for those involved in trading.
4. Define the step-by-step procedures for executing trades.
5. Include guidelines for risk management and compliance.
6. Review and ensure the procedures are aligned with regulatory standards.
7. Test the procedures through practical scenarios or simulations.
8. Document any changes or updates to the operational procedures.
9. Train relevant personnel on the newly established procedures.
10. Regularly review and update the Operational Trading Procedures as needed.

Who needs Operational Trading Procedures?

1. Traders and trading teams.
2. Compliance officers.
3. Risk management personnel.
4. Operations teams within financial institutions.
5. Management teams for oversight and decision-making.
6. Regulatory bodies for adherence to financial regulations.

People Also Ask about

What are the procedures of trading?

The trading procedure refers to the step-by-step process of buying and selling financial securities like stocks, bonds, and derivatives. It involves four key stages: placing the order, executing it, clearing the trade, and finally settling the transaction.

What is the 9 times rule in HKEX?

Any outstanding at-auction limit orders at the end of the Pre-opening Session will be carried forward to the Continuous Trading Session and treated as limit orders provided that the specified price of that at-auction limit order does not deviate 9 times or more from the nominal price.

What is the 24 spread rule in HKEX?

(3) The price of every direct business transaction in respect of the Extended Trading Securities concluded during the Continuous Trading Session must be within the range of the lowest of twenty-four spreads below the previous closing price, the lowest bid and the lowest ask price up to the time of the transaction on

What is the difference between sehk and HKEX?

Hong Kong Exchanges and Clearing Limited (HKEX) is the holding company of The Stock Exchange of Hong Kong Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE).

What is the sehk rule 541?

deal with a Suspended Exchange Participant without permission by the Board or the Chief Executive of the Exchange. An Exchange Participant which fails to comply with this Rule shall be liable to disciplinary action by the Board.

What is the 10% rule for short selling?

Short Sale Restriction (SSR), also known as the uptick rule, is an automatically imposed SEC limitation for short sellers once a stock drops 10% or more from the previous day's close. Once triggered, traders can no longer short the stock on a downtick.

For pdfFiller’s FAQs

What is Operational Trading Procedures?

Operational Trading Procedures refer to the standardized methods and guidelines that an organization follows to conduct its trading activities efficiently and in compliance with regulations.

Who is required to file Operational Trading Procedures?

Entities engaged in trading activities, such as trading firms, investment banks, and other financial institutions, are typically required to file Operational Trading Procedures.

How to fill out Operational Trading Procedures?

To fill out Operational Trading Procedures, organizations should gather all relevant information, adhere to the guidelines provided by regulatory bodies, and ensure accuracy in detailing the processes involved in trading operations.

What is the purpose of Operational Trading Procedures?

The purpose of Operational Trading Procedures is to establish a clear framework for conducting trading activities, ensuring compliance with regulations, and minimizing risks associated with trading operations.

What information must be reported on Operational Trading Procedures?

Reported information typically includes the trading processes, protocols for risk management, compliance measures, and any relevant data concerning trading tools and systems used.