What is the difference between MBO-Total Market and MBO- Preferred Market?
• MBO – Total Market: MBO-Total Market enables the member to view the Total Market’s best five outstanding orders in the price / time priority order. For orders with the same price, the orders entered earlier than others are displayed first. • MBO – Preferred Market: MBO-Preferred Market enables the member to view the Preferred Market’s best five outstanding orders in the price / time priority. For orders with the same price, the orders entered earlier than others are displayed first. Bid or Offer orders can be placed by double clicking on any of the rows of “MBO – P” i.e. dealer can hit the market. If Dealer clicks on the Bid side, Offer order is placed and vice versa. If dealer clicks on the third order from the top on the Bid side then an Offer order is placed with Price of that row and Quantity as sum of the Quantities of 1st, 2nd and 3rd rows.
