TSX DRK Liquidity Guide

40 14.2.6 Active DRK Limit order with MinQty eligible to trade TSX Order Book Volume Bid Offer Volume Order 1 – 100 (DRK) 10.02 10.10 100 Order 2 – 100 (Visible) 10.01 10.10 500 Order 3 – 100 (DRK) 10.01 Order 4 – 200 (DRK) 10.01 Order 5 – 200 (DRK) 10.01 Order 6 – 100 (Visible) 10.00 A Sell DRK Limit MinQty order Volume 5000, MinQty 1000 @$10.00 is entered. The Trading Engine determines that there is not sufficient volume to satisfy the MinQty condition on the incoming order. In this case, the order will be booked at a price that will prevent it from locking or crossing the TBBO. The order will book at 10.02. 14.2.7 Active DRK Limit order with MinQty trading against a resting DRK Limit order with MinQty TSX Order Book Volume Bid Offer Volume Order 1 – 500 (Visible) 10.01 10.10 500 Order 2 – 5000 (DRK) 500 MinQty 10.01 Order 3 – 500 (DRK) 10.01 Order 4 – 100 10.01 A Sell DRK Limit MinQty order Volume 50000, MinQty 5000 @$10.01 is entered. The Trading Engine determines that there is sufficient volume to satisfy the MinQty condition on the incoming order, as well as satisfy the MinQty condition on the passive orders. In this case, the system will aggregate the passive Orders # 1 – 3 to satisfy the MinQty condition.

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