Volume Conditions
1.
DV - Disclosed Value [DVs] orders allow the user to disclose only a portion of order value to the market. For example, an order of Rs. 1000 lakhs with a disclosed value condition of Rs. 200 lakhs will mean that Rs. 200 lakhs is released into the market. After this is traded, another Rs. 200 lakhs is released & so on till the full order is exhausted. Every time a fresh lot of disclosed value is released, it is time-stamped [becomes an active orders] again at the time of its release into the market & not the time at which the original DV order was placed.
2.
MF - Minimum Fill [MFs] orders allow the user to specify the minimum amount by which an order should be filled. For example, an order of Rs. 1000 lakhs with Minimum Fill Rs. 200 lakhs will require that each trade be for at least Rs. 200 lakhs. This could result in a partial match or a maximum of 5 possible trades of Rs. 200 lakhs each & a minimum of one trade of Rs.1000 lakhs.
3.
AON - All Or None order allows the user to avoid multiple trades i.e. partial match against one order. However, if the full order can't be matched at the same time, it stays as an outstanding order [passive orders] in the market till cancelled or till it is fully matched at the same time. |
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