Opening Auction definition

Opening Auction means, for Interest Rate Derivatives, the period of time specified in the Contract Specification before continuous trading commences during which orders can be entered, modified, or cancelled but not executed, for the purpose of matching bids and offers at a single price as continuous trading commences if they are crossed at that time;

Opening Auction means, in the electronic share market (MTA), MTAX market, Expandi 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 opening) and at a single price (the opening-auction price or opening price);

Opening Auction means the opening moment of trading session immediately following the pre-trading session, during which bids placed during the pre-trading session may be executed in accordance with the procedure defined by the Operator's Trading Rules, whereas unexecuted bids shall not be eliminated from the trading system and, from the moment of opening of the trading session, shall be included in the corresponding Bid Books of the trading session organized by way of two-sided continuous auction.

Examples of Opening Auction in a sentence

• Upon one hour of the Opening Auction phase, POs can perform the DBT using the VWAP of the first hour of trading.

• Upon one (1) hour of the Opening Auction phase, POs can perform the DBT using the VWAP of the first hour of trading.

• Volatility Interruption can be applied in the Opening Auction, Auction, Intraday Auction and Closing Auction phases.

• Orders that remained in the Order Book from the previous Trading Day, as well as Orders entered in the Pre-Trading Phase that become Active Orders later in the Opening Auction phase, will be arranged by the BETa Market Trading Systems to the bid and offer sides of the Order Book according to the Order Prices and Order entry time.

• At the beginning of the Continuous Trading phase, the Order Book contains Orders which could not be matched in the Opening Auction phase, as well as all Orders that became Active Orders in this trading phase.

• Orders that remained in the Order Book from the previous Trading Day, as well as Orders entered in the Pre-Trading Phase, in the Opening Auction, and in the Continuous Trading Phase and being Active Orders in the Intraday Auction, will be arranged by the BETa Market Trading Systems to the bid and offer sides of the Order Book according to the Order Prices and Order entry time.

• It starts immediately after the end of the Opening Auction Phase.

• In the course of the Opening Auction these orders do not affect the Auction Price determination and will be triggered (in case they had to) once the Auction Price is determined, becoming Limit orders once the trades derived of the resolution of the auction are performed.

• Respectful Conduct: Behavior that expresses consideration of others’ identities, viewpoints, and beliefs; restraint from behaviors that would be considered disrespectful conduct.

• A trading session (Regular Trading, Opening Auction Call, etc.) may be changed automatically to another session (Volatility Auction Call, Halt) due to a circuit breaker breach caused by volatile trading.

More Definitions of Opening Auction

Opening Auction means the process in DATS, by which the Opening Price is calculated;

Opening Auction means, in 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), the electronic bond market (MOT) and the derivatives market (IDEM), 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 opening) and at a single price (the opening-auction price or opening price); “Opening-auction price” or “opening price” 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 price at which contracts are concluded in the opening phase; where more than one auction is held for a financial instrument during a Stock Exchange session, the opening-auction price shall be the price determined at the end of the first auction phase; “Order” means an order to buy or sell, for own or customer account, entered by market intermediaries in 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), the Electronic bond market (MOT), or the derivatives market (IDEM), containing the data and information necessary for its display and execution; “Parameters” means, for the purpose of the market surveillance referred to in Part 6:a) special conditions for the entry and execution of orders in terms of their price, timing and quantity characteristics;b) limits to the maximum changes in the prices of contracts that can be concluded, calculated with reference to other contracts or orders present on the book;c) start, end and duration of trading and the suspension thereof in the different phases; “Parity/multiple” means the number of underlying assets for each securitised derivative financial instrument traded on the SEDEX market; “Private Equity backed (PEB)” means companies whose shareholders have included − for at least 2 years − one or more venture capital institutional investors with a holding of at least 30%, including in jointly-held form; “Professional investors” means the persons re...

Opening Auction means, for Interest Rate Derivatives, the period of time specified in the Contract Specification before continuous trading commences during which orders can be entered, modified, or

Opening Auction means the opening moment of trading session immediately following the pre-trading session, during which orders placed during the pre-trading session may be executed in