Closing price auction

[yonnie]

hello folks,

according to the ASX the closing price auction takes place between 4.10 and 4.12 pm +/- 15 secs.

will the price be determined for all stocks in a split second or do they start with A and work their way down to Z, so that you would have a few seconds to alter an order for company ZYL once you see the A stocks being priced?

thanks

 

[Trembling Hand]

Its staggered but no orders can be placed or amended once they start the first.

 

[yonnie]

thanks TH for the heads up