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Must a market center report on commitments to trade that are received from other market centers pursuant to ITS Plan provisions?

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Must a market center report on commitments to trade that are received from other market centers pursuant to ITS Plan provisions?

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Yes. Market centers are required to report under the Rule on commitments to trade received pursuant to the ITS Plan procedures. If a market center’s handling of ITS commitments to trade differs materially from its handling of orders received through other mechanisms, it would be permissible to report on ITS activity as a separate market center (i.e., by obtaining a separate market center identification code pursuant to Section VIII of the Joint-SRO Plan for the market center’s ITS activity).

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