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Continuous trading with auctions (CTwA) |
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Pre-trading (PRETR) |
8.15-8.30 |
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Opening Auction Call (OCALL) |
Call phase |
8.30-9.00 |
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Price determination phase |
9.00 + Random end |
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Order book balancing phase |
maximum 2 minutes |
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Continuous Trading (TRADE) |
after Opening Auction till 17.00 |
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Closing Auction Call (CCALL) |
Call phase |
17.00-17.05 |
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Price determination phase |
17.05 + Random end |
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Order book balancing phase |
maximum 2 minutes |
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Post-trading (POSTR) |
after Closing Auction till 17.20 |
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Special phases |
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Order book balancing phase |
maximum 2 minutes |
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Random end |
maximum 30 seconds |
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Volatility interruption (VOLA) |
3 minutes+ Random end |
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