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

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Currency: Euro (EUR)

Calendars & Hours

• Limit Buy/Sell→ShortSell (Day/IOC)
• Market Buy/Sell→ShortSell (Day)

• 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)

• Closing orders will be matched

Order Types: Limit, Market, and Market-on-Close orders are eligible to participate during the closing auction.

• Market Guides