Complex QCC Examples

Table 1. Example 1 - Complex QCC Minimum Size Requirement
Order	Description
Complex QCC Minimum Size: Complex Instrument (CI0001):	1,000 Buy 3 : Sell 2
Complex QCC Order1: Complex QCC Order2:	Agency- Buy 499 @ 10.00 Contra - Sell 499 @ 10.00 Agency- Buy 500 @ 10.00 Contra - Sell 500 @ 10.00
Result:	Complex QCC Order1 does not meet minimum size requirement (smallest leg x quantity) and is rejected. Complex QCC Order2 meets minimum size requirement and is accepted.

Table 2. Example 2 - Complex QCCs Must be Executed at or Inside SNBBO
Order	Description
Complex Instrument (CI0001): SNBBO: SBBO:	Buy 1: Sell 1 1.00 x 1.50 .95 x 1.75
Complex QCC Order1: Complex QCC Order2: Complex QCC Order3: Complex QCC Order4:	Agency- Buy 1000 @ .99 Contra - Sell 1000 @ .99 Agency- Buy 1000 @ 1.51 Contra - Sell 1000 @ 1.51 Agency- Buy 1000 @ 1.00 Contra - Sell 1000 @ 1.00 Agency- Buy 1000 @ 1.50 Contra - Sell 1000 @ 1.50
Result:	Complex QCC Order1 and Complex QCC Order2 are both rejected since they are outside of the SNBBO. Complex QCC Order3 and QCC Order4 are accepted and trade at their respective prices.