New Direct Edge Order Type: NBBO Pegged Offset Order

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November, 2012

Are you ready for even more market complexity for our Rubik’s cube of a market?

On November 19^th, Direct Edge will roll out a brand new order type – the NBBO Offset Peg Order. The SEC did not approve the order type as Direct Edge filed it as a Notice of Filing and Immediate Effectiveness of Proposed Rule Change. And from our note yesterday you know that back in February of this year we wrote:

If an Exchange decides to submit a rule change that is deemed “immediately effective”, then the SEC

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