18 ms·
periodic auctions are common on european exchanges (pesky limits on dark pool volume) instead of order entry + continuous matching: order entry is allowed, but
by blibble 3y ago
periodic auctions are common on european exchanges (pesky limits on dark pool volume)
instead of order entry + continuous matching: order entry is allowed, but no matching (like pre-open phase)
then after a random period of time the auction algo runs on the entered orders
then repeat the entire thing every second