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General Q/A
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Cross Type
Sridhar Satyanarayan / Deutsche Bank, India <>
11 Jun 2009 6:05AM ETHi All,
I have a Question on CrossType this time around..
I need a bit understanding on how the CrossType with Values 3 and 4 get executed.
549=3 states "Cross trade which is partially executed with the unfilled portions remaining active. One side of the cross is fully executed but the unfilled portion remains active. "
Qn: Is the unfilled portion executed at Market Price or we wait for another (Cross) Client?
549=4
States" A.Cross trade is executed with existing orders with the same price
B.In the case other orders exist with the same price, the quantity of the Cross is executed against the existing orders and quotes
C.the remainder of the cross is executed against the other side of the cross.The two sides potentially have different quantities.
Qn. I want to know what does 'C' implies.
Regards
Sridhar
Cross Type
Sridhar Satyanarayan / Deutsche Bank, India 11 Jun 2009 6:05AM ET Re: Cross Type Hanno Klein / Deutsche Börse Systems 12 Jun 2009 8:01AM ET
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