Odd Lot Facility definition

Odd Lot Facility or “OLF” means the facility providing for auto-execution by DMMs and Odd Lot Traders of all Odd Lot Orders and odd lot portions of Mixed Lot Orders entered on the Exchange.

Odd Lot Facility or “OLF” means the facility of the Lit Book containing all Odd Lot Orders or odd lot portions of Mixed Lot Orders entered on the Exchange.

Examples of Odd Lot Facility in a sentence

• Odd Lots The Lit Book also features an auto-execution Odd Lot Facility.

• MATCHNow Mixed Lot A Limit Order or Market Order sent to the MATCHNow Trading Book containing at least one Board Lot and a MATCHNow Odd Lot.MATCHNow Odd LotA Limit Order or Market Order containing less than one Board Lot sent to the MATCHNow Trading Book.Odd Lot Liquidity Providing Order (or “OLLP Order”)A passive, confidential order that remains in the MATCHNow Odd Lot Facility as a day order.

• MATCHNow Odd Lot Orders (and the odd-lot portion of a Mixed Lot Order sent to MATCHNow) will be eligible for entry and execution in the MATCHNow Odd Lot Facility during the Odd Lot Session.

• Odd Lot Liquidity Providers (and, as applicable, their DEA Clients) can submit liquidity into the MATCHNow Odd Lot Facility in as many or as few symbols as they wish.

• The Exchange does not impose any Marketplace Trading Obligations (as defined in UMIR 1.1) on Odd Lot Liquidity Providers that send OLLP Orders to the MATCHNow Odd Lot Facility.

• ORTHO shall, within fifteen (15) days after the Effective Date, pay to BIOCRYST the amount of [***] as reimbursement for research and pre-clinical development expenses incurred by BIOCRYST with respect to Licensed Product prior to the Effective Date.