Differences

This shows you the differences between two versions of the page.

--- mexico_stock_exchange [2021/10/29 17:28] – [Auction Mechanisms] hammed
+++ mexico_stock_exchange [2022/10/31 09:46] (current) – [Auction Mechanisms] hammed
@@ Line 33: / Line 33: @@
 **Open Auction**
-The timeframe for entering orders in an Opening Auction is 7:00 to 7:29:59 AM CT. During the opening auction, orders may be entered only for those Equities marked as eligible by the BMV (Market Surveillance Area) in the Electronic Trading System for having met the minimum
+The timeframe for entering orders in an Opening Auction is 6:00 to 6:29:59 AM CT. During the opening auction, orders may be entered only for those Equities marked as eligible by the BMV (Market Surveillance Area) in the Electronic Trading System for having met the minimum
 maintenance requirements.
-If by 7:29:59 CT an Opening Auction has not posted a probable allocation volume and price, it will be declared void and its condition will change to “ST” (Auction Ended), at which point the Electronic Trading System will no longer accept order entries, modifications, or cancellations. Such orders as may be in the Electronic Book will remain in effect at the opening of the Continuous Trading Session.
+If by 6:29:59 CT an Opening Auction has not posted a probable allocation volume and price, it will be declared void and its condition will change to “ST” (Auction Ended), at which point the Electronic Trading System will no longer accept order entries, modifications, or cancellations. Such orders as may be in the Electronic Book will remain in effect at the opening of the Continuous Trading Session.
 **Close Auction**
-The price is determined based on the VWAP of the last 20 minutes of trading, from 13:40:00 to 14:00 CT.
+The price is determined based on the VWAP of the last 20 minutes of trading, from 12:40:00 to 13:00 CT.
 The close auction is divided into two phases, as follows (all times are in local time):
-  * **Phase 1:** MOC orders for this phase can be entered from 07:00 to 13:39:59. However, it’s the nature of the market to pre-match most of the close print by 12:00. After that time, volume gets lower and chances to participate are lower. However, traders are encouraged to send orders up until 13:39:59. The close auction print will happen at 14:00. MOC orders entered before the close which did not get executed by the close print at 13:00 will remain open and waiting for an opposing order until 13:10 (Phase 2).
+  * **Phase 1:** MOC orders for this phase can be entered from 05:00 to 11:39:59. However, it’s the nature of the market to pre-match most of the close print by 10:00. After that time, volume gets lower and chances to participate are lower. However, traders are encouraged to send orders up until 11:39:59. The close auction print will happen at 12:00. MOC orders entered before the close which did not get executed by the close print at 11:00 will remain open and waiting for an opposing order until 11:10 (Phase 2).
   * **Phase 2:** MOC orders that were not matched in Phase 1 will remain open and be matched during this phase if a counter order is found. Traders can also send new MOC orders during this time. Orders matched during this phase will be priced at the close price determined during Phase 1.