TSXV:EPO.H - Post by User
Comment by
strabismuson Dec 06, 2011 12:22am
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Post# 19294191
RE: RE: RE: RE: Macquarie
RE: RE: RE: RE: MacquarieA little enlightenment another shot then I'm off ... Not all orders appear with displayed orders on the TSX/TSXV. Known categorically as Non-displayed Mid-Point Orders and Non-displayed Limit Priced Orders.The introduction of the bypass order assists participating organizations and members in meeting their best price obligations under the Universal Market Integrity Rules (UMIR) by executing against only the disclosed volume on TSX/TSXV before or at the time the Participant executes at an inferior price.Trading customers can choose to execute against passive disclosed volume orders while bypassing all undisclosed volume of passive iceberg orders.