Resting Market Orders
TT Gateway Behavior
Resting Market orders can be submitted during all exchange auction states including Pre-Open and Pre-Close. Only the resting order quantities are provided by the UMDF price feed. No prices are assigned to these orders and no matching occurs during the auction states.
During auction market states, the BVMF Gateway parses resting Market and Limit order quantities from the UMDF price feed and sends these quantities separately to the client trading applications. The resting Market order quantities are only provided by the gateway during auctions. The resting Market orders are matched at the market price calculated by the exchange when the market state moves from pre-Open to Open.
When the BVMF Gateway obtains the resting Market and Limit order quantities from the UMDF price, it sends them separately to the client trading applications. In X_TRADER® 7.11.1, the resting market quantities are displayed separate from the resting limit quantities in detailed and aggregate depth.
For detailed depth in the X_TRADER® Market Window, the resting Market order quantity is displayed in the BidMktQty and AskMktQty fields in the Market Grid. In the MD Trader price ladder, the resting Market order quantity is displayed above the Bid Quantity column for bids and below the Ask Quantity column for offers during Pre-Open and Auction periods. For inverted price ladders, the values are placed in the reversed spots with the total bid market on the bottom of the Bid column and the total offer market on the top of the Ask column.