When are OTI orders deleted?

When are OTI orders deleted?

• A. After close of trading, by On-Book Matcher, immediately.
• B. At the end of settlement
• C. Before market opens
• D. After a manual cancellation

Answer: (A)

OTI orders are designed to be valid only for the current trading session. The On-Book Matcher, which handles on-book orders, automatically deletes these orders at the close of trading, and it does so immediately. This ensures the order book reflects only active orders for the next session and prevents carryover of instructions that should not persist. They aren’t tied to settlement timing, they aren’t cleared before the market opens, and automatic deletion is the standard process rather than relying on manual cancellation.

OTI orders are designed to be valid only for the current trading session. The On-Book Matcher, which handles on-book orders, automatically deletes these orders at the close of trading, and it does so immediately. This ensures the order book reflects only active orders for the next session and prevents carryover of instructions that should not persist. They aren’t tied to settlement timing, they aren’t cleared before the market opens, and automatic deletion is the standard process rather than relying on manual cancellation.