BATS Exchange, a US equities trading venue, has launched BATS Optional Liquidity Technology (BOLT), a tool allowing members to see unfilled portions of marketable orders before the orders are either cancelled or routed elsewhere.
BOLT will be made available both for orders using the BATS Only order type and those using certain routing strategies offered by the platform. Unfilled portions
of marketable orders are displayed through BATS’ proprietary data feeds for a limited period of time, allowing the opportunity for additional executions before cancellation or onward routing.
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