Cross Request
Cross Request
Using a Cross Request, participants trading in the Continuous Trading market model can subsequently place previously arranged OTC trades – known as “crossings” in the order book. The condition for the orders being entered is that they are previously announced using the Cross Request function, stating the tool and the lot size.
The relevant orders must be entered between five and 35 seconds after having been announced. There is no guarantee that precisely these orders in the order book will be executed against each other. Every participant informed by means of Cross Request can place orders in the order book, which can then be executed against the orders envisaged for crossing.
Arranged transactions between participants during an auction are exempt from advance announcement by means of Cross Request.