Block Event offers participants three distinct order types:
Mid - an undisplayed order type where orders match automatically with opposing orders at the mid-point of the National Best Bid or Offer (NBBO).
VWAP - an undisplayed order type where orders match automatically with opposing orders at the Volume Weighted Average Price (VWAP) from the time of the match until the close of the market.
Desk - an order which is sent to the Block Event trading desk to be handled by a block trader. Ideal for use when wanting to trade at a price other than Mid or VWAP and/or wishing to engage a block trader to help match the order.