AON CUBE functionality is now available on NYSE American Options.
AON CUBE provides new, optional All-or-None functionality in Single-Leg CUBE and Complex CUBE orders with a minimum size of 500 contracts (min. requirement applies to each leg in a Complex CUBE order).
For additional details, please refer to the CUBE FAQs
Price Improvement | Orders have the opportunity to seek price improvement prior to execution. |
Execution Guarantee | Even if there is no price improvement on the CUBE order, the execution is guaranteed upon submission. |
Size Flexibility | Orders of any size may be submitted to CUBE for price improvement, there are no minimum requirements. |
Targeted Response | Using GTX orders Members can apply a special Time In Force designation that can be used for CUBE auction responses. |
Price Accessibility | CUBE auctions can trade in penny increments even when the MPV for the series is higher. |
CUBE offers electronic price improvement for single-leg and complex paired orders of any size.
CUBE is NYSE American Options’ (the “Exchange”) electronic crossing price improvement auction mechanism.