Timer rules are defined by the exchange and vary by instrument. There rules frequently change; therefore TT recommends that you verify timer rules with the exchange.
|US Treasury - Actives|
|Security||Price Tick Increment||Hold in Timer(Per Second)||New Trade ThroughThreshold||WorkupTimersPrivate/Public1/Public2||Prohibit LockedMarkets - ON|
|2 Year||1/4||1||1||0/3/3||Yes - convert passive to aggressive|
|3 Year||1/4||1||1||0/3/3||Yes - convert passive to aggressive|
|5 Year||1/4||1||1||0/3/3||Yes - convert passive to aggressive|
|7 Year||1/2||1||1||0/3/3||Yes - convert passive to aggressive|
|10 Year||1/2||1||1||0/3/3||Yes - convert passive to aggressive|
|Government of Canada Bonds|
|Actives||1/2 cent (.005) Price||2||None||8/8/8||Yes|
Hold in Timer: The best bid and the best offer cannot be canceled for two seconds; however, you can reduce the quantity to a 1-lot (one million). Orders joining the best bid and best offer are not subject to the Hold in Timer rule.
Trade Through Threshold: This is the minimum order quantity needed to end the current workup market and trade through to the next available price.