Aggressing Order definition
Aggressing Order means a buy (sell) order that is or becomes marketable against sell (buy) interest on the Exchange Book. A resting order may become an Aggressing Order if its working price changes, if the PBBO or NBBO is updated, because of changes to other orders on the Exchange Book, or when processing inbound messages.
Aggressing Order or “Aggressing Quote” means a buy (sell) order or quote that is or becomes marketable against sell (buy) interest on the Consolidated Book. A resting order or quote may become an Aggressing Order or Aggressing Quote if its working price changes, the NBBO is updated, there are changes to other orders or quotes on the