Comment on ZT-Spread Orders

Nithin Kamath commented on 27 May 2013, 07:43 AM

Shaggy,

IOC is immediate or cancel, so basically if all the 3 prices are not matched in a 3L, the order gets cancelled immediately.

We cannot really put a limit order for 3L can we? What if only one gets executed and remaining 2 remains pending?? It won’t really be an arbitrage, it will be naked then…

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