Examples of Buy Order in a sentence
If, due to circumstances beyond Seller’s control, Seller is unable to deliver the full quantity of Discontinued Goods under Buyer’s Last-Time Buy Order, the balance of the undelivered quantity shall be cancelled and Seller shall have no further obligations to Buyer.
If, due to circumstances beyond Seller’s control, Seller is unable to deliver the full quantity of Discontinued Goods under Buyer’s Last-Time Buy Order, the balance of the undelivered quantity shall be cancelled, and Seller shall have no further obligations to Buyer.
A 1000 lot buy order (SMP ID:1234567 and FirmID:400) is entered at 1302, with a Cancel Aggressing instruction.Aggressing Buy Order Remaining QuantityResting Sell Orders 970 lots30 lots@ 13014567890 & 300Executed 30 lots @1301940 lots500 lots@ 13015678901 & 500Executed 500 lots @1301440 lots10 lots@ 13026789012 & 600Executed 10 lots @ 1302430 lots20 lots@ 13021234567 & 400(Cancel Resting instruction)The aggressing order’s instructions take priority and the remaining unfilled quantity of 430 is cancelled.
A 1000 lot buy order (SMP ID:1234567 and FirmID:400) is entered at 1302, with a Cancel Aggressing or Resting instruction.Aggressing Buy Order Remaining QuantityResting Sell Orders Scenario 2: FIFO Market with Cancel AggressingThis scenario illustrates a self match event in a FIFO market.
Aggressing a Buy Order creates a Sell Order on behalf of the Aggressor.