TIF=8 Good Through Crossing

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1

Imported from previous forum

2

Hi ,

Can you please help in understanding whats the difference between TIF=5 and TIF=8 i.e Good Till Crossing and Good Through Crossing

Regards
Naresh

3

Hi ,

Can you please help in understanding whats the difference between TIF=5 and TIF=8 i.e Good Till Crossing and Good Through Crossing

Regards
Naresh
Hi Naresh,

Good till crossing means that an order is valid until but not during the crossing.
The order will be cancelled when the crossing starts. Good through crossing means that the order is only valid during the crossing.

Regards,

Bernt

4

Hi ,

Can you please help in understanding whats the difference between TIF=5 and TIF=8 i.e Good Till Crossing and Good Through Crossing

Regards
Naresh
Hi Naresh,

Good till crossing means that an order is valid until but not during the crossing.
The order will be cancelled when the crossing starts. Good through crossing means that the order is only valid during the crossing.

Regards,

Bernt

Thanks Bernt, So Good Through Crossing orders can be executed only by crossing and good till crossing can be executed unless order is not crossed

5

Please refer to http://www.fixprotocol.org/documents/3645/FIX%20Protocol%20Gap%20Analysis%20-%20OMX%20Order%20Routing%20Req’s%20ph.%20II%200.40.rar where the two TIF values were added with (EP61).
Good Through Crossing was meant to be more than just the crossing (aka auction), i.e. also the time up to the next crossing. The description in the Gap Analysis is “Means an order to is valid up till and including the next call auction”. If you just want an order to be valid at an auction, the idea is to use TradingSessionID and TradingSessionSubID. Chapter 6.1.3 of this GA shows a number of examples and associated tags and valid values to express them.
Regards,
Hanno.

Hi ,

Can you please help in understanding whats the difference between TIF=5 and TIF=8 i.e Good Till Crossing and Good Through Crossing

Regards
Naresh
Hi Naresh,

Good till crossing means that an order is valid until but not during the crossing.
The order will be cancelled when the crossing starts. Good through crossing means that the order is only valid during the crossing.

Regards,

Bernt