australia_securities_exchange
Differences
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| australia_securities_exchange [2020/05/13 09:40] – [Auction Mechanisms] maya | australia_securities_exchange [2025/06/23 14:00] (current) – [Auction Mechanisms] hugo | ||
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| Currency: Australian Dollar (AUD) | Currency: Australian Dollar (AUD) | ||
| - | [[https://www.asx.com.au/ | + | [[https://www2.asx.com.au/ |
| - | [[http://www.asx.com.au/ | + | [[https://www2.asx.com.au/ |
| ===== Trading Summary ===== | ===== Trading Summary ===== | ||
| Line 14: | Line 14: | ||
| For information about the ASX, see their official [[http:// | For information about the ASX, see their official [[http:// | ||
| - | ==== Lit Order Types ==== | + | ==== Order Types ==== |
| - | * Limit Buy/ | + | * Limit Day |
| - | * Market Buy/ | + | * Fill or Kill (FOK) |
| - | * Market-on-Close Buy/ | + | * Immediate or Cancel (IOC) |
| - | + | ||
| - | ==== Dark Order Types ==== | + | |
| - | + | ||
| - | * Limit Buy/ | + | |
| - | * Market Buy/ | + | |
| - | * Midpoint Pegged Buy/ | + | |
| ==== Basic Market Rules ==== | ==== Basic Market Rules ==== | ||
| Line 43: | Line 37: | ||
| === Open === | === Open === | ||
| - | The opening auction | + | To enable the orderly consumption of the burst of messages during the single |
| + | |||
| + | * The auction and transition to OSPA state occurs during a 15 second randomised window beginning | ||
| + | * New orders | ||
| + | * Cancellation | ||
| + | * Report of Off Market Trades is permitted | ||
| + | * Transition from OSPA to Open (continuous matching) occurs during a 15 second randomised window | ||
| + | * Minimum duration of OSPA is 30 seconds with a maximum of 60 seconds (dependent on randomisation) | ||
| + | |||
| + | For more information please review [[https:// | ||
| - | * Group 1 10:00:00 am +/- 15 secs 0-9 and A-B, e.g. ANZ, BHP | ||
| - | * Group 2 10:02:15 am +/- 15 secs C-F, e.g. CPU, FXJ | ||
| - | * Group 3 10:04:30 am +/- 15 secs G-M, e.g. GPT | ||
| - | * Group 4 10:06:45 am +/- 15 secs N-R, e.g. QAN | ||
| - | * Group 5 10:09:00 am +/- 15 secs S-Z, e.g. TLS | ||
| === Close === | === Close === | ||
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| * **e)** Any Bids or Offers which have not been matched at the completion of the process described in point b) will be carried through to the next Session State | * **e)** Any Bids or Offers which have not been matched at the completion of the process described in point b) will be carried through to the next Session State | ||
| - | **Note:** any order sent during the closing auction must be within 12% of the theoretical auction price. Otherwise, it will get cancelled automatically as a result of the exchange' | + | **Note:** any order sent during the closing auction must be within 12% of the theoretical auction price. Otherwise, it will get cancelled automatically as a result of the exchange' |
| + | |||
| + | **Note:** to put orders into market directly, the order price should not be away from the Match Price by more than 5%. Else, they breach price limit and orders will be rejected. | ||
| **Auction Periods** | **Auction Periods** | ||
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| * No trades may be reported | * No trades may be reported | ||
| - | **Order Types:** traders can enter Limit, Market, and Market-on-Close | + | **Order Types:** traders can enter a Limit orders to participate in the auction. |
| + | |||
| + | ===== ASX24 Futures ===== | ||
| + | |||
| + | ASX24 Futures are available for execution/ | ||
| ===== Additional Info ===== | ===== Additional Info ===== | ||
australia_securities_exchange.1589377220.txt.gz · Last modified: 2020/05/13 09:40 by maya