Pre-Open Session
What happens to unmatched orders which are entered in the pre-open session?
- All unmatched / outstanding limit orders will be moved to the normal market retaining the original time stamp. All unmatched / outstanding market orders will be modified to assign discovered equilibrium price and moved to normal market as limit orders with such modified time stamp.
- In a situation where no equilibrium price is discovered in the pre-open session, all market orders are moved to normal market at base price following price time priority.
Note: Order modification and/or cancellation of all unmatched / outstanding orders shall not be permitted before start of normal market session