Examples of Eligible Order in a sentence
The EEM Counting Program will count the number of contracts executed by an EEM from an EEM ARM Eligible Order (the “EEM ARM Contracts”) within a specified time period that has been established by the EEM (the “EEM Specified Time Period”).
Eligible Orders resting on the Book may be routed with an incoming Eligible Order that has initiated a Route Mechanism.
The Eligible Order and any routable resting interest will be processed in the order in which they were received.
If at the time of receipt of the Eligible Order, the opposite side ABBO is also locking or crossing the same side PBBO, the System will immediately route the Eligible Order, together with any routable interest resting on the same side PBBO, to the opposite side ABBO.
The System will engage the Aggregate Risk Manager for EEMs (“ARM-E”) in a particular EEM Specified Option Class when the EEM Counting Program has determined that an EEM has executed during the EEM Specified Time Period a number of EEM ARM Contracts from an EEM ARM Eligible Order equal to or above their EEM Allowable Engagement Percentage.
An Eligible Order may be routed if the displayed NBBO was locked or crossed upon receipt of the Eligible Order.
The term Eligible Order will be used in the following paragraphs to refer to the Eligible Order being handled by the Route Mechanism.
When an execution of an MM ARM Contract from an MM ARM Eligible Order occurs, the System will look back over the MM Specified Time Period to determine whether the sum of contract executions from such MM ARM Eligible Order during such MM Specified Time Period triggers the ARM-M.
The MM Counting Program will count the number of contracts executed by a Market Maker from an MM ARM Eligible Order (the “MM ARM Contracts”) within a specified time period that has been established by the Market Maker or as a default setting, as defined below (the “MM Specified Time Period”).
When an execution of an EEM ARM Contract from an EEM ARM Eligible Order occurs, the System will look back over the EEM Specified Time Period to determine whether the sum of contract executions from such EEM ARM Eligible Order during such EEM Specified Time Period triggers the ARM-E.