Passive only order (BoC)

A new sign of orders "only passive" is available for a limit or iceberg order, which becomes Active if at the time of the announcement it has a price / spread value worse than the price / spread value of opposite Active orders. If the Order at the time of the announcement has a price / spread value that is better than the price / spread value of at least one opposite Active Order, it is rejected by the trading system.

A new type of orders with the sign only passive (BoC - Book-or-Cancel) assumes that an order submitted to the trading system will never be a taker order.

Features of the application with the sign only passive (BoC)

• The sign of BoC remains throughout the life of applications (including for GTD – good till date);

• Within the framework of the current tariffication, the BoC attribute guarantees zero commission on transactions;

• The MoveOrder command is executed if it does not lead to the execution of the order, the original order is not cancelled.