[arrowhead4.0] Is there any limitation to STP in terms of types of order and sessions?

The STP function is applicable only to the matching in Zaraba, continuous trading session. Please not that even during Zaraba, the STP function does not appl... Show Details

[arrowhead4.0] How should a securities company handle trading in the Dummy Symbol in its trading ...

The Dummy Symbol is not a real issue, so it should not be included in any report. Show Details

[arrowhead4.0] If we would like to execute orders at the closing auction, how should we do?

Please place order with on-close condition after the order acceptance start of afternoon session or place order after the pre-closing start.The pre-closing s... Show Details

[arrowhead4.0] Which mechanism has priority, stop allocation or special execution?

Stop allocation has priority. Show Details

[arrowhead4.0] How do we allocate executed orders by special execution to end-customers? (Is it t...

We don't make any rules concerning the allocation to end-customers. Show Details

[arrowhead4.0] Does Special Execution occur at the morning session end?

Special Execution occurs only at the closing auction of the afternoon session. It does not occur at the morning session. Show Details

[arrowhead4.0] Are IOC orders valid during Pre-Closing?

A registration error will occur. Show Details

[arrowhead4.0] What is the "executable price range" used for Special Execution?

For closing auction at the afternoon session, where Special Execution occurs, the executable price range is doubled renewal price range, same as the current ... Show Details

[arrowhead4.0] How does arrowhead execute Simultaneous Orders?

Simultaneous Orders sum orders per trading participant for each price and one order unit is allocated in order from the trading participant with the largest ... Show Details

[arrowhead4.0] How are orders handled during the Pre-Closing?

Orders registered on the order book during Pre-Closing are treated as simultaneous orders, together with "on close" orders and "Funari" orders placed prior t... Show Details