Map of Toowong on Tier sizes refer to how many shares are able to be SOESeligible in a particular order. The three tier sizes currently are 200, 500, and 1,000. This means that if a stock has a tier size of 200, then a trader cannot enter a SOES order for more than 200 shares. If the tier size is 1,000, then a trader can enter an amount up to 1,000 shares.
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SOES provides instant executions against Market Maker participants at specific price levels. This is the advantage for the active trader when wanting to execute an order in a fast and efficient manner. The order can be a market or limit order.
Map of Toowong 2016.