|
Market Order
|
An order to buy or sell that is to be executed at the reference price for a matching session. |
|
Limit Order
|
An order to buy or sell that is to be executed only if the reference price for the matching session is equal to or better than the limit price. |
Order Entry
NYSE MatchPoint orders can be either market or limit orders and must be designated for one or more of the matching sessions during regular hours and or the single after-hours matching session. NYSE MatchPoint orders must be entered in round lots with a minimum size of one round lot and may designate a minimum acceptable execution quantity. NYSE MatchPoint will only execute trades in round lots. Mixed lots may be entered into NYSE MatchPoint in the form of a portfolio, list and or a basket but the residual odd lots in a partial round lot order will not be executed and will be reported as unexecuted.
|
