Question: Why would I send a cross order type to CBSX?
Answer: It is free to put the cross up on CBSX depending on which cross order type you are utilizing.
Question: What are the available cross orders?
Answer: Order types are available at the CBOE website and can be viewed at HERE.
Question: What are the costs for the various cross orders?
Answer: CBSX's pricing on the cross orders can be viewed HERE.
Question: Who uses these order types?
Answer: Floor brokers, proprietary trading firms, options traders and brokers
Question: Are these strictly for equity traders?
Answer: No. The tied cross order type is used to facilitate an option order with a stock component
Question: How can I facilitate a manual tied cross order?
Answer: Call the crossing desk located on the CBOE trading floor 312-786-7799
Question: When using the sweep and cross order type, would a user expect significant fill ratios at multiple price points on the CBSX sweep portion?
Answer: CBSX's book is not as deep as some of the other market centers. This can be advantageous when using the sweep and cross function. You should be able to cross more stock for your client at the price you are trading at.
Question: When would I use the midpoint cross?
Answer: The midpoint cross is typically used when price is not a factor on the execution of the order. An example may be a basket of stocks.
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