Normal
After the market closes at 4, it goes into Preopen. Meaning bids and offers can be opened into the market, but they do not trade against each other. This goes on for ten minutes untill the CSPA happens. The CSPA is the closing price single auction that happens randomnly anywhere between 4:10:00 and 4:10:59. All bids and offers are traded off against each other in exactly the same formula as the opening, ie, volume weighted average. This used to happen at 4:15, and before that they used to do it at 4:05.Trades between 4:00 and 5:00 (as in single lines) are more often that not VWAP crossings or facilitation trades.
After the market closes at 4, it goes into Preopen. Meaning bids and offers can be opened into the market, but they do not trade against each other. This goes on for ten minutes untill the CSPA happens. The CSPA is the closing price single auction that happens randomnly anywhere between 4:10:00 and 4:10:59. All bids and offers are traded off against each other in exactly the same formula as the opening, ie, volume weighted average. This used to happen at 4:15, and before that they used to do it at 4:05.
Trades between 4:00 and 5:00 (as in single lines) are more often that not VWAP crossings or facilitation trades.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
