{"id":7227,"date":"2025-12-09T16:19:56","date_gmt":"2025-12-09T22:19:56","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/?post_type=doc&#038;p=7227"},"modified":"2026-01-06T20:11:35","modified_gmt":"2026-01-07T02:11:35","slug":"deal-time","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/tt-trade-surveillance\/core-models\/miscellaneous-models\/deal-time\/","title":{"rendered":"Deal Time"},"content":{"rendered":"\n<p>When submitting wholesale orders, such as block trades, exchanges usually require the trades to be submitted within a specific time frame from execution (i.e., consummation time). For example, CME requires traders to submit block trades within 5 or 15 minutes, depending on the product.<\/p>\n\n<p>In TT Trade Surveillance, the Deal Time Model analyzes, scores, and displays the time difference between the consummation time and the submission time for block trades.<\/p>\n\n<h2>Scoring methodology<\/h2>\n<p>When evaluating a potential deal time violation, TT Trade Surveillance reviews block trade orders and compares the consummation time to the submission time of the order.<\/p>\n\n<h3>Score interpretation<\/h3>\n<p>TT Trade Surveillance sets the cluster risk score to 100 if the <b>Time Difference<\/b> between the consummation time to the submission time is greater than 15 minutes.  A Score of 85 is given if the consummation time is missing from the transaction.<\/p>\n\n\n<h2>Identifying deal time issues<\/h2>\n<p>Use the <a href=\"cv-cluster-view-cluster-scorecard.html\">Cluster Scorecard<\/a> to get a closer look at the activity\n    that triggered the deal time score. The Cluster Scorecard shows any orders that could constitute a deal time issue.<\/p>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/library-staging.tradingtechnologies.com\/wp-content\/uploads\/2025\/12\/deal-time-example-1.png\" alt=\"\"><\/p>\n<p>In this example, the <b>Time Difference<\/b> reflects a value higher than the allowed 15 minute window.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When submitting wholesale orders, such as block trades, exchanges usually require the trades to be submitted within a specific time frame from execution (i.e., consummation time). For example, CME requires traders to submit block trades within 5 or 15 minutes, depending on the product.<\/p>\n<p>In TT Trade Surveillance, the Deal Time Model analyzes, scores, and displays the time difference between the consummation time and the submission time for block trades.<\/p>\n<h2>Scoring methodology<\/h2>\n<p>When evaluating a potential deal time violation, TT Trade Surveillance reviews block trade orders and compares the consummation time to the submission time of the order.<\/p>\n<h3>Score interpretation<\/h3>\n<p>TT Trade Surveillance sets the cluster risk score to 100 if the <b>Time Difference<\/b> between the consummation time to the submission time is greater than 15 minutes.  A Score of 85 is given if the consummation time is missing from the transaction.<\/p>\n<h2>Identifying deal time issues<\/h2>\n<p>Use the <a href=\"cv-cluster-view-cluster-scorecard.html\">Cluster Scorecard<\/a> to get a closer look at the activity<br \/>\n    that triggered the deal time score. The Cluster Scorecard shows any orders that could constitute a deal time issue.<\/p>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/library-staging.tradingtechnologies.com\/wp-content\/uploads\/2025\/12\/deal-time-example-1.png\" alt=\"\"><\/p>\n<p>In this example, the <b>Time Difference<\/b> reflects a value higher than the allowed 15 minute window.<\/p>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[957],"class_list":["post-7227","doc","type-doc","status-publish","hentry","docs-category-miscellaneous-models"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7227\/revisions"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=7227"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=7227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}