What Does the Two-Sided Quoting Requirement Mean in Community Maker Yield ? Under SIP-5A, qualifying for the Community Maker Yield calculation requires eligible maker orders to be present on both the bid and ask sides of the order book at the same time. The documentation refers to this requirement as two-sided quoting. Maker orders resting only on the bid side or only on the ask side do not satisfy this requirement on their own. To be considered for the eligible liquidity evaluation, qualifying orders must exist on both sides simultaneously. However, two-sided quoting alone is not sufficient. Once this requirement is met, the other eligibility mechanisms—including the qualifying band, minimum uptime, proximity weighting, and per-side cap—are also applied. Even if an order satisfies the two-sided quoting requirement, it is not included in the Community Maker Yield calculation unless it also meets these additional eligibility criteria. In practice, this means that providing liquidity on only one side of the order book is not enough to qualify for Community Maker Yield. Eligible liquidity is determined only after the two-sided quoting requirement and all other eligibility mechanisms defined in SIP-5A have been satisfied. #standxblog# @StandX_Official @Stander_StandX