Orders with a duration of less than 100ms may experience a lower likelihood of being filled at OneChronos. Note, however, that continuous order management is available throughout the full auction life-cycle, and without any "queue" penalty, as orders at OneChronos are not matched on the basis of time priority. Orders timestamped after the auction cutoff time are eligible to participate in the subsequent auction(s). Similarly, any order not cancelled or cancel/ replaced prior to the auction cutoff time will take effect in the subsequent auction. Orders may be tagged to participate in only one auction ("IOC"), or persist for subsequent auctions for any specified period up to the end of the day's trading session.