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Bats Europe (Bats), the region’s largest stock exchange operator, announced today that it will further enhance its Periodic Auctions book by introducing a Minimum Acceptable Quantity (MAQ) feature in Q4 2016 for participants wishing to trade in larger sizes.
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The new feature provides participants with control over the minimum total execution size of their order, subject to regulatory approval.
Orders designated as MAQ will not execute unless the minimum quantity or greater can be fulfilled. This adds to the book’s existing Minimum Order ... (read more)