Back Custom print Link Text Only Rich Text Print

  • Article (21)

    • Alteration of Orders (Change Former Order-CFO)

      A stockbroker may change the terms of an order already entered in BATS for the following reasons:

      1- If the security, symbol, market or the order type (buy or sell) needs to be changed, the order must be cancelled and re-entered.
      2- If any of the following changes are effected, a new effective time stamp will be given to the order:
      (a) change in price;
      (b) increase in disclosed volume;
      (c) a change in the underlying client.
      3- If any of the following changes are effected, the order will keep its original effective time stamp:
      (a) decrease in disclosed volume.
      (b) changes in undisclosed volume.