euronext
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| euronext [2017/03/02 14:09] – [Lit Order Types] maya | euronext [2020/12/23 15:03] (current) – [Euronext] maya | ||
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| ====== Euronext ====== | ====== Euronext ====== | ||
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| Euronext is the first pan-European exchange which includes Amsterdam, Brussels, Lisbon, and Paris. | Euronext is the first pan-European exchange which includes Amsterdam, Brussels, Lisbon, and Paris. | ||
| [[https:// | [[https:// | ||
| - | Currency: Euro (EUR)\\ | + | Currency: Euro (EUR) |
| - | Time Zone: UTC +01:00 | + | |
| + | [[https:// | ||
| - | [[https:// | ||
| ==== Order Types ==== | ==== Order Types ==== | ||
| * Limit Buy/ | * Limit Buy/ | ||
| * Market Buy/ | * Market Buy/ | ||
| - | |||
| - | ==== Available ATS ==== | ||
| - | * [[batseurope|BATS Europe]] | ||
| - | * [[batseurope|Chi-X Europe]] | ||
| - | * [[turquoise|Turquoise]] | ||
| ==== Basic Market Rules ==== | ==== Basic Market Rules ==== | ||
| Line 28: | Line 24: | ||
| | 100 and greater | 0.05 | | | 100 and greater | 0.05 | | ||
| - | * Short Sale Rules: naked short selling is prohibited; locate required. | + | * Short Sale Rules: naked short selling is prohibited; locate |
| - | * Circuit Breakers: Euronext has safeguards in place during auction and continuous trading phases. | + | * Circuit Breakers: Euronext has [[https:// |
| + | * **Note:** as part of pre-trade transparency requirements under the new MiFID II rule, Europe hidden or hidden portion of iceberg (e.g., CHIX-X Bats and Turquoise reserve/ | ||
| ==== Auction Mechanisms ==== | ==== Auction Mechanisms ==== | ||
| === Close === | === Close === | ||
| - | The closing price is defined by the following closing mechanism | + | The closing price is defined by the following closing mechanism. |
| **Auction** means an auction conducted in a trading platform in respect to qualifying orders pursuant to the following process: | **Auction** means an auction conducted in a trading platform in respect to qualifying orders pursuant to the following process: | ||
| - | * a) The auction price is the price with the maximum executable volume. If necessary the reference price is taken into account when establishing the auction price. | + | * a) The auction price is the price with the maximum executable volume. If necessary, the reference price is taken into account when establishing the auction price. |
| * b) The Reference price is the last traded price in the Central Order Book | * b) The Reference price is the last traded price in the Central Order Book | ||
| * c) Orders are classified by direction and price-limit | * c) Orders are classified by direction and price-limit | ||
| Line 53: | Line 51: | ||
| * Orders may be entered, amended, and cancelled | * Orders may be entered, amended, and cancelled | ||
| - | + | 2. **Closing Auction** (17:30 - 17:34:45) | |
| - | 2. **Closing Auction** (17:30 - 17:35) | + | |
| * Orders may be entered into the central order book to participate in the closing auction | * Orders may be entered into the central order book to participate in the closing auction | ||
| * Orders may not be modified or cancelled | * Orders may not be modified or cancelled | ||
| * No orders will be matched | * No orders will be matched | ||
| - | + | 3. **Uncross** (17:34:50) | |
| - | 3. **Uncross** (17:35) | + | |
| * Closing orders will be matched | * Closing orders will be matched | ||
| - | **Order Types:** Market and Limit orders are eligible to participate during the closing auction. | + | **Order Types: |
| ===== See Also ===== | ===== See Also ===== | ||
| * [[market_guides|Market Guides]] | * [[market_guides|Market Guides]] | ||
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euronext.1488481741.txt.gz · Last modified: 2017/03/02 14:09 by maya