Title: Eligible Order Types and Modifiers

 

Order Type/ModifiersDescription
Limit OrderAn order to buy or sell a stated amount of shares at a specified price or better.
Day OrderAny order to buy or sell a security that automatically expires if not executed on the day the order is placed.
Good Till Time (GTT)An order that remains active until a specific time during the day at which point it expires.
Minimum Triggering Volume (MTV)The minimum size desired to trigger an execution attempt.

 

PegsDescription
Primary PegAn order that is pegged to buy at the National Best Bid (NBB) or sell at the National Best Offer (NBO). The order may include an instruction to peg to the NBB or the NBO plus or minus the Exchange’s Minimum Pegged Value (MPV).
Market PegA market order that is pegged to buy at the NBO or sell at the NBB plus or minus the Exchange’s MPV.
Midpoint PegAn order with instructions to execute at the midpoint of the National Best Bid and Offer (NBBO). This type of pegging order will provide for an instruction to peg to the midpoint of the NBBO plus or minus the Exchange’s Minimum Pegged Value.