Depending on the conditions of the trade and the fields that you chose to use for pairing and matching, the CTM platform treats Price in one of the following ways:
- L1 pairing field - your counterparty value must pair with yours
- L1 tie-breaker - when the CTM platform finds more than one counterparty trade component with all L1 pairing fields equivalent to yours, it uses Price as a tie-breaker field to determine which trade should be paired together
- L2 matching field - how the Price field is matched will depend on your matching profile settings.
The below table describes the conditions that outline how Price is used in the CTM matching process:
|Condition||Criteria||L1 Pairing Field?||L1 Tie-Breaker?||L2 Matching Field?|
|1||DealPrice set as a L1 field in the matching profile||Yes||No||No|
|2||All over conditions||No||Yes||Yes, if specified in your matching profile|