Knowledge Base

What is distinctive about the auction-based trading mode for less liquid securities?

A single daily auction at noon

Two daily auctions at 11:30 AM and 4:30 PM with accumulation phases

Continuous trading throughout the day

An auction only at the opening and closing

What criteria does the Euronext algorithm use to determine the opening auction price?

The highest price, the volume traded, the last quoted price

The volume traded, the imbalance between unexecuted orders, the last quoted price

The lowest price, the volume traded, the last quoted price

The volume traded, execution speed, the last quoted price

Trading At Last allows participants to trade at any price after the official close.

True

False

The opening auction at 9:00 AM allows orders to be executed in real time according to the price-time priority rule.

True

False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Opening auction

Continuous trading

Price-time priority rule

Sealed auction

Pre-closing

Categories:

Trading phases

Price formation mechanisms

Duration of continuous trading for liquid securities

Click to see answer

At what time does the pre-opening phase begin on Euronext Paris?

6:30 AM

7:15 AM

8:00 AM

9:00 AM

At what time does the closing auction take place on Euronext Paris?

5:30 PM

5:35 PM

5:40 PM

6:00 PM