NYBX has been approved by the SEC to offer the NYBX IOC Order that allows participants to interact with NYBX and NYSE liquidity on an IOC basis.
- Execute against the liquidity pool of NYBX and NYSE orders within the NBBO
- Accesses Mid-Point liquidity in NYBX
- Accesses un-displayed liquidity on NYSE
- Unexecuted balance cancelled immediately
- NYBX IOC orders are not routed
- Limit order only
- Minimum Triggering Value not available for NYBX IOC
- LastMkt (Tag 30) = BX
- OrdType (Tag 40) = 2
- TimeInForce (Tag 59) = 3
Contact Info: If you have questions please, contact Bob Hill at (312) 442-7023 (firstname.lastname@example.org) or Paul Adcock at (312) 442-7046 (email@example.com) or your Relationship Manager at RelationshipMgt@nyx.com.
Category: Product News