Examples of Reserve Order in a sentence
Reserve Order (Iceberg order) In a Reserve Order, a certain portion of the total volume of an Order is not displayed in the Order Book.
All changes on the Order including changes to the volume (both visible and total volume) of a Reserve Order are accomplished using an Order cancellation followed by an Order insert.
All Reserve Order updates are always executed via Order cancel/insert, thus creating a new time priority.
Non-displayed Volume may either be part of a Reserve Order (“iceberg order”, chapter 6 for Order types and attributes) or a fully Non-displayed Order.
A partially matched Reserve Order that is carried over (Time In force = Good till Cancelled (GTC)) will automatically get its original displayed quantity when re-entering the Trading System the next trading day.
E.g. the updating of open or displayed volume of a Reserve Order is done at a time when other Orders may be entering the Order Book, thus leaving the Order priority of the update non-deterministic.
Both the displayed and non-displayed portions of the Reserve Order are available for potential execution against incoming Orders.
A Reserve Order is a limit order that contains both a displayed portion and a non-displayed portion.
Military pay procedures, including those for Title 32 Active Guard and Reserve in the Defense Joint Military Pay System-Reserve Component, the Defense Joint Military Pay System-Active Component, and the ANG Reserve Order Writing System, are contained in reference i and in Volume 7a of reference e.
Both the displayed (peak) volume and non-displayed portions of the Reserve Order are available for potential execution against incoming Orders.