PureStream Stream Execution Flow (LTR: 10%)
Click rows to see calculation details
Time Ref Trade Fill (10%) >20? Print to Tape Print Time
10:20:01.200 500 @ $56.00 50 Yes 50 @ $56.00 10:20:01.210
10:20:01.570 400 @ $56.01 40 Yes 40 @ $56.01 10:20:01.580
10:20:02.100 180 @ $56.00 18 No (held) — —
10:20:02.300 20 @ $56.00 2 + 18 = 20 Yes 20 @ $56.00 10:20:02.310
Row Calculation
Key:
Each reference trade triggers real-time fill at actual reference price. Fills ≥20 shares report immediately. Fills <20 shares accumulate until threshold reached. No time windows, no averaging.
LTR Mechanism:
Liquidity Transfer Rate (LTR) determines fill size as percentage of reference trade volume. At 10% LTR, a 500-share reference trade executes a 50-share fill. PureStream supports LTR up to 3,000%, enabling participants to provide liquidity at multiples of reference volume.