Closing auction definition

Closing auction means, on the electronic share market (MTA), Electronic investment vehicles market (MIV), the Electronic open-end funds and securitised derivative financial instruments market (ETFplus), the electronic securitised derivatives market (SEDEX) and the electronic bond market (MOT), the method of trading that provides for the entry, modification and deletion of orders in a given interval (pre-auction) for the purpose of concluding contracts at a single given future moment (the closing) and at a single price (the closing-auction price or closing price);
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Closing auction means, on the electronic share market (MTA), Electronic investment vehicles market (MIV), the Electronic ETC/ETN market (ETFplus), and the electronic bond market (MOT), the method of trading that provides for the entry, modification and deletion of orders in a given interval (pre- auction) for the purpose of concluding contracts at a single given future moment (the closing) and at a single price (the closing-auction price or closing price;“Closing-auction price”means, on the electronic share market (MTA), Electronic investment vehicles market (MIV), the Electronic ETC/ETN market (ETFplus), and the electronic bond market (MOT), the price at which contracts are concluded in the closing auction;“Corporate Governance Code”means the Corporate Governance Code of Italian listed companies promoted by Borsa Italiana and published in January 2020;“Collective investmentundertakings” or “CIUs”means the undertakings as per Article 1, paragraph 1, letter k of the Consolidated Law on Finance;“Consob Markets Regulation”means the Regulation implementing the provisions on markets of Legislative Decree no. 58 of 24 February 1998 adopted by Consob withresolution no. 20249 of 25 December 2017;“Consob Issuer’sRegulation”means the Regulation implementing the provisions on Issuers of Legislative Decree 58 of 24 February 1998 and adopted by Consob with resolution no. 11971 of 14 May 1999;“Consob”means the Commissione Nazionale per le Società e la Borsa;“Consolidated Law onFinance)”means Legislative Decree 58 of 24 February 1998 “Consolidated Law on Finance pursuant to Articles 8 and 21 of Law 52 of 6 February 1996; “Consolidated Law on Banking” means Legislative Decree 385 of 1 September1993 “Consolidated Law on Banking and Credit;“Continuous trading”means, with reference to the electronic share market (MTA), Electronic investment vehicles market (MIV) (if envisaged), the electronic bondmarket (MOT) the Electronic ETC/ETN market
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Closing auction means the closing auction of the LSE. This is a limited-
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Examples of Closing auction in a sentence

  • Closing auction is held — counter orders, sorted by ascending of the time of submission, are matched together at instrument's closing price at Main liquidity pool.

  • VFC”) are orders which can be entered throughout the Trading Day but are processed only at the Closing auction.

  • Half days example: Pre-close CET 12.55, Closing auction at CET 13.00.

  • Half days example:Pre-close CET 12.55, Closing auction at CET 13.00.

  • The reference price for static limits is the price of the last transaction formed through an auction (Auction trading procedure, Opening auction, Closing auction or Volatility interruption).

  • The price resulting from this will be the basis for the determination of the adjustment factor (R-factor).S1 = Closing auction price of the Merck KGaA share S2 = S1 minus regular dividendS3 = S2 minus bonus dividend R-factor = S3/S2Adjustment of strike prices (only for options) will be made by multiplying by the R-factor.

  • Orders may be entered with ATC, GFS or GFA TIF as well, but such orders will be parked outside the active order book until the next auction (for GFA orders) or until the next scheduled (i.e. Opening, Intra-Day or Closing) auction (for GFS orders) or until the Closing Auction Call (for ATC orders).

  • Closing auction: Except for certain types of Admitted Securities designated by Nasdaq Dubai, the final price shall be determined through a closing auction.

  • Closing auction, which allows execution at the closing price, is a trading mechanism commonly used in securities markets across the globe.

  • Closing auction is an internationally proven mechanism that aims to provide an accessible, fair, and market-driven method of closing a trading session and determining closing prices.

Related to Closing auction

  • Reverse auction means a procurement method in which offerors are invited to bid on specified goods or services through online bidding and real-time electronic bidding. During an electronic bidding process, offerors’ prices or relative ranking are available to competing offerors and offerors may modify their offer prices until the closing date and time.

  • Failed Auction has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • public auction means a method of sale where goods or services are offered by the trader to consumers, who attend or are given the possibility to attend the auction in person, through a transparent, competitive bidding procedure run by an auctioneer and where the successful bidder is bound to purchase the goods or services;

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified goods or nonprofessional services through real-time electronic bidding, with the award being made to the lowest responsive and responsible bidder. During the bidding process, bidders' prices are revealed and bidders shall have the opportunity to modify their bid prices for the duration of the time period established for bid opening.

  • Sale Hearing means the hearing conducted by the Bankruptcy Court to approve the transactions contemplated by this Agreement.

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • Preliminary Closing Statement has the meaning specified in Section 2.3(a)(ii).

  • LIBOR Auction means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate pursuant to Section 2.3.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Final Closing Statement has the meaning set forth in Section 2.5(d).

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • closing agreement as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; (iii) installment sale or open transaction disposition made on or prior to the Closing Date; or (iv) prepaid amount received on or prior to the Closing Date;

  • Closing Day means (a) the Restatement Date and (b) with respect to any Accepted Note, the Business Day specified for the closing of the purchase and sale of such Accepted Note in the Confirmation of Acceptance for such Accepted Note, provided that (i) if the Company and the Purchaser which is obligated to purchase such Accepted Note agree on an earlier Business Day for such closing, the “Closing Day” for such Accepted Note shall be such earlier Business Day, and (ii) if the closing of the purchase and sale of such Accepted Note is rescheduled pursuant to Section 3.2, the Closing Day for such Accepted Note, for all purposes of this Agreement except references to “original Closing Day” in Section 2.7(b), shall mean the Rescheduled Closing Day with respect to such Accepted Note.

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Response Date has the meaning assigned to such term in Section 2.22(a).

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • Reliability Pricing Model Auction or “RPM Auction” shall mean the Base Residual Auction or any Incremental Auction, or, for the 2016/2017 and 2017/2018 Delivery Years, any Capacity Performance Transition Incremental Auction.

  • Absolute Rate Auction means a solicitation of Competitive Bid Quotes setting forth Competitive Bid Absolute Rates pursuant to Section 2.03.

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Successful Bidder” or “Successful E-Auction Process Participant means, the Qualified Bidder whose bid is approved and who is declared successful by the Liquidator at the end of the determined auction phase.C. INTRODUCTION

  • Base Residual Auction means the auction conducted three years prior to the start of the Delivery Year to secure commitments from Capacity Resources as necessary to satisfy any portion of the Unforced Capacity Obligation of the PJM Region not satisfied through Self- Supply.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Margin Notice Deadline the time agreed to by the parties in the relevant Confirmation, Annex I hereto or otherwise as the deadline for giving notice requiring same-day satisfaction of margin maintenance obligations as provided in Paragraph 4 hereof (or, in the absence of any such agreement, the deadline for such purposes established in accordance with market practice);