Applicable CAS Securities
Closing Auction Session (CAS) is applicable to all equities (including depositary receipts, investment companies, preference shares and stapled securities), as well as funds (including exchange traded funds (ETFs) and real estate investment trusts)
The first period
(Reference Price Fixing Period, 4:00-4:01pm)
- A reference price, which sets the allowable price limit of the CAS, is calculated for each CAS security.
The second period
(Order Input Period, 4:01-4:06pm)
- At-auction orders and at-auction limit orders within ± 5% percent price limit can be entered, amended or cancelled.
The third period
(No-Cancellation Period: 4:06-4:08pm)
- At-auction orders and at-auction limit orders can be entered. However, the prices of new at-auction limit orders must be between the lowest ask and highest bid of the order book, and no orders can be amended or cancelled.
The fourth period
(Random Closing Period: 4:08-4:10 pm)
- The market closes randomly within two minutes.
~ source: aastocks website
No comments:
Post a Comment