40 Volume Bid Offer Volume Lit 1000 9.97 10.03 500 14.2.5 PDL order XM – No Trade instruction triggered TSX Order Book Volume Bid Offer Volume PDL Limit XM order, no trade key = abc, Broker 9 200 9.99 An Incoming PDL XM order, no trade key = abc, from Broker 9 Sell 500 @ 9.99 is entered. STP No Trade instruction is triggered. The incoming PDL XM sell order will be booked. Resulting TSX Order book Volume Bid Offer Volume PDL Limit XM order, no trade key = abc, Broker 9 200 9.99 9.99 500 14.3 MIN and MIS Scenario 14.3.1Active Buy-Side Dark Limit with MIS Dark Limit Order with a Minimum Interaction Size (MIS) instruction interacts with a contra-side order and then partially rests in the order book. NBBO = (10.00, 10.02) ID Order Type Volume Bid Offer Volume Order Type ID A Displayed Limit 1000 10.00 10.02 1000 Displayed Limit B Action: Order C, Dark Midpoint Peg Sell 200 @ 10.00 is entered. Order D, Dark Limit Buy, MIS 200 of 500 @ 10.01 is entered. Result: Order C assigned: Limit 10.00, Booked Price 10.01. Order D interacts with Order C, partially filling @ 10.01 (satisfying MIS 200). Order D rests in book: 300 shares at Booked Price 10.01. Updated Book NBBO: (10.00, 10.02)
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