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Start SNAPSM Minimum Size Requirements

If the security is NOT subject to a special minimum requirement, then a Start SNAPSM Order is of sufficient size in either of two ways:

  • A minimum of 20,000 shares

    or

  • A minimum of 2,500 shares and an aggregate notional value of at least $250,000 (order limit price times number of shares).

Order Size Calculator

Input order limit price to calculate minimum order size.

Price

Minimum Order Size

update

Input order quantity to calculate the minimum limit price required.

Quantity

Minimum Limit Price

update

Special Start SNAPSM Minimum Size Requirements - Exception

SNAPSM AOO Minimum Size Requirements

If the security is NOT subject to a special minimum requirement, then a SNAP Auction Only Order is of sufficient size in either of two ways:

  • A minimum of 2,000 shares

    or

  • A minimum of 250 shares and an aggregate notional value of $25,000 (SNAP AOO reference price times number of shares).

Order Size Calculator

Input order reference price to calculate minimum order size.

Price

Minimum Order Size

update

Input order quantity to calculate the minimum limit price required.

Quantity

Minimum Limit Price

update

Special SNAPSM AOO Minimum Size Requirements - Exception