What is At-auction Order?
What is At-auction Order?

An at-auction order is an order with no specified price and is entered into the OTP-C for execution at the final Indicative Equilibrium Price (IEP). It enjoys a higher order matching priority than an at-auction limit order and will be matched in time priority at the final IEP.

Any outstanding at-auction orders after the end of the Pre-opening Session will be cancelled before the commencement of the Continuous Trading Session.

Please note that when customers place an at-auction order, the final transaction price (ie, the final final Indicative Equilibrium Price (IEP)) is still unknown, and the price may significantly deviate from customer expectations.


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