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During the Pre-Cross instrument state, another market participant responds to the RFQ and submits a Sell order that will match against one side of the Cross order. In this scenario tag 962-SideTimeInForce=3, 'Eliminate remaining quantity' cancels the remaining Sell side order. In this example, the duration of the states is configured by CME Group and the BMG is 60%.

Gliffy
nameCross Side Fill Complete
pagePin5