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General Q/A
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Re: Cross Type
Hanno Klein / Deutsche Börse Systems <>
12 Jun 2009 8:01AM ET > Qn: Is the unfilled portion executed at Market Price or we wait for another (Cross) Client?
A: Not sure, maybe OrdType determines that. CrossType only says that one side is gone and the other is not, i.e. can match against other orders and quotes that already exist or are yet to come
> Qn. I want to know what does 'C' implies.
A: Cross order interacts with reguklar orders and quotes first. If these are insufficient to match the entire cross, the minimum of the remainder of the two sides of the cross can be matched against each other.
> Hi 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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