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Euronext

Euronext is the first pan-European exchange which includes Amsterdam, Brussels, Lisbon, and Paris.

Currency: Euro (EUR)
Time Zone: UTC +01:00

Lot Size: 1 share.
Tick Size: varies by price and security type. Tick sizes for most equities are as follows:

Short Sale Rules: naked short selling is prohibited; locate required.
Circuit Breakers: Euronext has safeguards in place during auction and continuous trading phases.

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:

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
c) Orders are classified by direction and price-limit
d) Orders at the same limit are ranked chronologically and time prioritized
e) Orders will be executed according to price
- i. Buy orders are executed in decreasing order
- ii. Sell orders are executed in increasing order

Auction Periods

1. Regular Trading Hours (09:00 - 17:30)

Orders marked VFA (Valid For Auction) or VFC (Valid For Close) will be entered in the order book but kept hidden until the closing call
No closing orders will be matched
Orders may be entered, amended, and cancelled

2. Closing Auction (17:30 - 17:35)

Orders may be entered into the central order book to participate in the closing auction
Orders may not be modified or cancelled
No orders will be matched

3. Uncross (17:35)

Order Types: Market and Limit orders are eligible to participate during the closing auction

Additional Info