Following discussions with market participants EDX London will make a change to the existing cancellation rules for futures and options based on IOB Depository Receipt and FTSE Russia IOB Index products at rules EDX Rule.4.9.14.3 and EDX Rule.4.10.13.3.
When considering a cancellation request, the Fair Market Spread or Price Adjustment Range for IOB DR products, and FTSE RIOB Index products will become a 10% deviation outside of the relevant Prescribed Spread for Designated Market Makers (DMMs), where previously it had been a 50% deviation.
Please see the attached file for further information.
