03 / EXECUTION

One window.
One reference price.

Execution is shared. Your policy is yours. Understand the price, the wait, and the outcome before you place an order.

Your Order. Your Policy.
One Shared Cross.

Choose what happens to any unfilled amount.
The window and reference price work the same for everyone.

Wait

Keep it
sealed.

Any unfilled amount waits for the next eligible window, until it fills or you cancel.

CHOOSE WAIT
  • Remaining amount rolls over
  • Your limit still applies
  • Cancel before the cross
  • No priority advantage
  • One price per window
Cancel

One window.
Then return.

After the cross, release any amount that didn't fill back to your available balance.

CHOOSE CANCEL
  • Unfilled commitment released
  • Filled amount stays yours
  • Optional price limit
  • No locked fill price upfront
  • Private results at the cross
The same execution model

Fair doesn't mean guaranteed.

The reference comes from outside the venue. Fills depend on matching interest and your limit. A halted asset or unreliable reference can mean a skipped window.

EXPLORE TRANSPARENCY

Every Outcome.
Clearly Accounted For.

There is no “pending at a price” state. A reference is an estimate until the cross.

01

Filled

The full eligible amount crosses. Your fill shows the stock, size, price, fee, and window.

02

Partly filled

The matched amount becomes a fill. The rest follows your wait-or-cancel policy.

03

Not filled

No eligible match or your limit prevented execution. The unfilled amount follows your policy.

04

Skipped

A halt or unreliable reference prevents the cross. No fill occurs; the selected policy still applies.

05

Cancelled

Before the cross, release the committed amount and make it available again.

06

Paused

No new orders are accepted. Existing records, balances, fills, and the tape remain readable.

A reference.
Not a promise.

The current reference price helps you estimate an order. It does not lock the price. The cross uses its external reference at execution, and your limit determines whether your order remains eligible.

REVIEW AN ORDER
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