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Start SNAPSM Order

Your auction, your way.

Your Start SNAPSM Order is a limit order containing a SNAP Auction order modifier that must include the following:

  • Valid symbol
  • Valid side (Buy, Sell, Sell Short, Sell Short Exempt)
  • Valid size
  • Valid limit price

Start SNAP Order – Minimum Size Requirements

A Start SNAP 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

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Input order quantity to calculate the minimum limit price required.

Quantity

Minimum Limit Price

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If the security is subject to a special minimum Start SNAP size requirement which overrides the terms stated above, you can find the related data here, uploaded daily on our website.

 

Order options that give you freedom.