Closing Price Determination
Assignment of a security to a particular trading group or
trading method, respectively, is a decisive criterion for
determination of closing prices for individual issues of
securities.
Opening Auction - price-fixing segment for securities assigned to Trading
Group 2.
Closing Auction - price-fixing segment for securities assigned to Trading
Group 3.
- The midpoint of the allowable spread for determination
of a price is the closing price of the preceding Exchange
day.
- Closing price (auction price) is equal to the price
determined in the auction regime.
Price-fixing segment for securities assigned to Trading
Group.
- Opening price is equal to the price determined for
securities under auction regime (at 09:10 a. m.).
- Closing price for issues assigned to Trading Group 1
is equal to the price of the last trade effected under the
continual regime. If no trade was concluded in the
continual regime during the Exchange day the price is
equal to the opening price.
does not qualify for price-fixing. This segment is reserved for the most liquid securities
assigned to Trading Group 3.
- Opening price for issues assigned to the SPAD segment
is equal to the arithmetic midpoint of the allowable
spread valid at the moment when the open phase starts in
SPAD (at 09:15 a. m.).
- Continuous price for issues assigned to the SPAD segment
is determined as the arithmetic midpoint of the allowable
spread valid at the moment. The allowable spread is defined as
a limited best quotation expanded by 0.5% in both
directions (up or down).
do not qualify for price-fixing.