Common Equilibrium Price adoption ensures uniform first-day trading price bands across exchanges after differing call auction outcomes. Where separately conducted Call Auction sessions on multiple exchanges produce equilibrium prices whose percentage difference exceeds the applicable price band, exchanges shall compute a Common Equilibrium Price as the volume weighted average of those equilibrium prices, set that CEP in their trading systems, apply uniform first day price bands around the CEP, and carry forward only unexecuted pending Call Auction orders that lie within that band to the normal trading session.
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Provisions expressly mentioned in the judgment/order text.
Common Equilibrium Price adoption ensures uniform first-day trading price bands across exchanges after differing call auction outcomes.
Where separately conducted Call Auction sessions on multiple exchanges produce equilibrium prices whose percentage difference exceeds the applicable price band, exchanges shall compute a Common Equilibrium Price as the volume weighted average of those equilibrium prices, set that CEP in their trading systems, apply uniform first day price bands around the CEP, and carry forward only unexecuted pending Call Auction orders that lie within that band to the normal trading session.
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