Nasdaq Canada
Nasdaq Canada Midpoint Extended Life Order (M-ELO)
Uniting like-minded counterparties with longer-term investment horizons.
The Midpoint Extended Life Order (M-ELO)
Uniting like-minded counterparties
M-ELO is an order type that is designed to attract and unite counterparties with longer-term investment horizons. M-ELO orders will only execute against other resting M-ELO orders and eligible CXC mid-point orders, ensuring the matching of like-minded investors. CXC mid-point orders must be marketable a the mid-point for at least 10 milliseconds before becoming eligible to match against M-ELO orders.
Elegant in design
M-ELO orders are held for a brief period of time before becoming executable. M-ELO orders are only available during regular trading hours, between 9:30 AM and 4:00 PM ET.
Leverage existing exchange connectivity
Market participants can leverage existing exchange connectivity to avoid any costly technology or connectivity work.
See M-ELO in action and learn more
Contact Us
Interested in incorporating M-ELO into your trading strategy? Contact us to learn how the order type can work for you.
We'll meet you in the middle.
For Questions About |
By Phone or Email |
|---|---|
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Incorporating M-ELO into your trading strategy |
Nasdaq Sales team |
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Media Support |
Emily Pan
+1 (646) 441-5120 |
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For Questions About
By Phone or Email
Incorporating M-ELO into your trading strategy
Nasdaq Sales team Media Support
Emily Pan +1 (646) 441-5120
