Amends the functionality of the minimum interaction size (MIS) and minimum quantity (MinQty) features to meet the diverse needs of market participants, trading strategies.
When MinQty order’s remaining size falls below MinQty thresholds, remaining volume of the MinQty order will be permitted to trade in any board lot amount by default.
Participants may opt out of using default current functionality and instead choose to have the order canceled when MIS, MinQty order's remaining size fall below threshold.
Modifies current MIS eligibility to consider the remaining tradeable volume of an incoming contra-side order, instead of entered size of an incoming contra-side order.
Will enhance the overall effectiveness and predictability of trade executions, as participants would be able to decide what they want to allow on order by order basis.
By offering flexibility, participants can retain autonomy, gain greater precision, over how orders are handled, by ensuring all trade executions align with initial conditions.
Consultation
Written comments on proposed amendments due by May 5, 2025.
