Equilibrium price not discovered: market orders matched at previous day's close and unmatched orders shifted to normal market. Where an equilibrium price is not discovered in the pre-open call auction: if only market orders exist, match market orders at the previous day's close price and shift any unmatched market orders to the normal market order book at that price following time priority, with that price as the opening price; if no market orders are available to be matched, shift unmatched market orders (at the previous day's close price) and limit orders to the normal market order book following price-time priority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Equilibrium price not discovered: market orders matched at previous day's close and unmatched orders shifted to normal market.
Where an equilibrium price is not discovered in the pre-open call auction: if only market orders exist, match market orders at the previous day's close price and shift any unmatched market orders to the normal market order book at that price following time priority, with that price as the opening price; if no market orders are available to be matched, shift unmatched market orders (at the previous day's close price) and limit orders to the normal market order book following price-time priority.
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