RE:RE:By-passSo the bypass order is:
A Bypass Order is an Immediate or Cancel order to fill against visible volume only to meet regulatory obligations.
Can't say that I understand that . . . Thoughts, people? The only thing that brings to mind is some mechanism for closing out a position. Looking at your second link, I find that . . .
Orders sent containing the bypass flag trade only with passive visible volume, and bypass all undisclosed iceberg volume or any other non-displayed volume including dark orders, dark undisclosed RT participation and RT MGF board lot obligations. Bypass orders may be single-sided or double-sided (a cross).
I think we're in matters a little too complicated for my taste, mostly I'm limited to refreshing the browser every ten minutes to see what the share price has done.