Closing auction definition
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;
Closing auction means, on the electronic share market (MTA), MTAX market, Expandi market, the electronic securitised derivatives market (SEDEX) and the electronic bond and government securities 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 means the closing auction of the LSE. This is a limited-