43 Note that in cases where there are two RTs assigned to the symbol, the other RT may still receive a participation fill if they have participation enabled. Example: RT Participation Assume the CLOB is as follows: RT: JOEAVG MGF: 500 Participation: ON BID OFFER Order # Quantity Price Price Quantity Order # 001 100 10.00 10.02 400 002 004 200 10.00 10.02 100 003 If an incoming client order (Order 005) to sell 500 shares @ MKT is entered, then since RT Participation is on, the incoming trade will be allocated 40% to the RT and 60% to the resting CLOB liquidity. The following trades occur: BUYER ORDER # Seller Order # Quantity Price 001 005 300 10.00 RT 005 200 10.00 The remaining 900 volume will be booked at the last sale price of $10.00. Resulting CLOB: BID OFFER Order # Quantity Price Price Quantity Order # 004 200 10.00 10.02 400 002 10.02 100 003 Example 2: RT Participation Assume the CLOB is as follows: RT: JOEAVG MGF: 500 Participation: ON BID OFFER Order # Quantity Price Price Quantity Order # 001 - JOEAVG 300 10.00 10.02 400 002 004 200 10.00 10.02 100 003
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