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Overview
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The Primex Auction welcomes participation by market makers. |
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These participants can register as Primex Auction Market Makers (PAMMs) on a security by security basis, which gives them certain privileges and responsibilities. |
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PAMMs have the ability, but not the obligation, to retain (internalize) orders entered in the system by matching the crowd's interest. |
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To receive this benefit, PAMMs must enter a significant percentage of eligible customer orders in those securities*. |
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PAMMs must specify matching rights before submitting orders. |
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Types of match parameters: 50 Percent |
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*excludes limit orders outside NBBO, orders greater than 1,099 shares, odd-lot, opening, market-on-close, all-or-none, and any other conditional order types.
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