Hi John, Its actually a difficult question to answer since it depends not just on the price but also the volumes offered at those prices. One way to work it out with a few assumptions about volumes is as follows. This volume will match against any remaining volume from the … Read more ». Morning Shannon, Very well explained, however, at what time could I check the actual final closing price of the ASX and any shares that I am following. I am under the impression that this can occur anytime between and pm.
Is this correct? Cheers Stuart. Hi Stuart, You should be able to check the closing price as soon as the closing rotation completes i. Regards, Shannon. Rivkin does not ever provide personal financial advice. Please consider your own circumstances before purchasing any of our products or acting on our general advice, for any Rivkin product or recommendation. Select the notifications you would like to receive every time there's an update that may require action. Pro tip: SMS are faster and safer than emails.
Warning: You must have a phone number to use SMS functionality. Save Share via mail Print. The opening and closing auctions can be confusing to understand. We explain these in detail. The ASX algorithm to set the opening auction Basically, an algorithm is used to determine the volume on the buy side versus the volume on the sell side, as well as the prices at which they have been placed.
Matching ASX orders on the open So with an overlapping market, all buy orders that had been submitted above the auction price will have traded, just as all sell orders that had been submitted below the auction price will have traded. The final ASX closing time At pm, we have the Closing Single Price Auction , where the algorithm applies again to determine the closing auction price at which any overlapping orders are matched off against each other.
John G. William O. Stuart H. Shannon Rivkin. The consultation paper focuses on a proposed new Guidance Note 33 Removal of entities from the official list , which deals with when and how ASX may de-list an entity, either at its request or at the instigation of ASX.
ASX is inviting comments from all interested stakeholders on the consultation materials. Submissions are due by Friday, 1 November ASX is inviting comments on the draft operating rules for the Client Clearing Service from all interested parties prior to formal submission of the rules to regulators for clearance.
ASX believes the ETO crossing proposal outlined in the paper will result in clearer, more efficient and less time consuming execution. The Council has issued a separate consultation paper on the proposed new edition of its Corporate Governance Principles and Recommendations , which is available here. Submissions are due by Friday, 15 November Parties may, if they wish, make a single submission responding to both ASX's and the Council's consultation papers. The market response and exposure draft provides a response to feedback received through consultation undertaken in on proposals to reduce the timetables for rights issues.
It also sets out draft amendments to the ASX Listing Rules to reduce the standard timetables for traditional rights issues from 26 to 19 business days, and to introduce standard timetables for accelerated rights issues.. The Response document also attaches revised Operating Rules, incorporating changes made in response to stakeholder input, that are subject to formal approval by Clearing Participants and regulatory clearance.
ASX is developing the Code following an announcement by the Deputy Prime Minister and Treasurer on 11 February to defer a decision on any licence application from a central counterparty seeking to compete in the Australian cash equity market, thereby retaining the current market structure for the next two years.
ASX has committed to commencing the operation of the Code by 9 August Drafts of these documents were released for public consultation on 17 October The marked-up versions being released today show the differences between the consultation drafts and the final versions, so interested parties can readily identify the changes.
ASX received 19 non-confidential and two confidential written submissions in response to its consultation paper. Copies of the non-confidential submissions are available below:. ASX supported the proposal to mandate trade reporting of OTC derivatives and indicated it would be establishing a trade reporting service under the new requirements. The levy is designed to recover the costs of regulation from those whose activities are driving the costs of regulatory supervision.
The submission notes that the proposal to provide an exemption for market makers from message based fees is problematic as it would be difficult to administer and would be open to gaming or to delivering inequitable outcomes. ASX supports the proposals to modernise the market licensing regime to reflect significant changes in market structure such as the growth of dark pools and to provide a robust and flexible framework that can successfully adjust as markets continue to evolve.
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Please log in with your existing credentials. Consultation submissions ASX received 17 written submissions in response to its consultation paper, with eight provided on a confidential basis. Written submissions are requested by Tuesday 14 December ASX received submissions from 30 organisations as part of the consultation.
The amendments include: changes to the timetables for seeking the quotation of securities in LR 2. The Consultation Response is accompanied by the following annexures: A. Appendix 2A Application for quotation of securities ; D.
Appendix 3B Announcement of proposed issue of securities ; I. Appendix 3C Notification of buy-back ; J. Appendix 3G Notification of issue, conversion or payment up of unquoted equity securities ; and K. The consultation period closed on 18 March The consultation paper is accompanied by the following annexures: A. Proposed amendments to the Listing Rules ; B. Proposed amendments to Appendix 2A Application for quotation of securities ; C.
Proposed amendments to Appendix 3B Announcement of proposed issue of securities ; G. Proposed new Appendix 3C Notification of buy-back ; H.
Proposed amendments to Appendix 3G Notification of issue, conversion or payment up of equity securities ; and I. ASX is also taking the opportunity to propose: changes to the rules dealing with notifications of security issues in Listing Rules 3.
Written submissions are requested by Monday, 30 November Written submissions in response to the consultation paper are requested by Friday 13 November The submissions provided on a non-confidential basis are available at the links below: Sydney Stock Exchange SAFAA Computershare As part of its June consultation on the revised implementation timetable for CHESS replacement , ASX sought feedback from users on the timing of its proposed further rules consultation covering both the tranche 3 rule amendments and a consolidated rules package across all rule amendments required to implement the new system.
Written submissions are requested by Friday 3 April Amend the ETR range of the 20 Year Treasury Bond Futures from 50 basis points to 25 basis points to reduce the likelihood of an error trade causing a negative impact on a participant.
The reduced ETR price level will provide a balance between allowing a reasonable range where erroneous trades will be cancelled whilst not unnecessarily impacting trading activity on days with high levels of market volatility. Assess whether the current cancellation ranges for all ASX 24 products are appropriate.
Written submissions are requested by Friday 28th February Written submissions are requested by 17 January Accompanying the consultation response are: the final changes ASX is making to its Listing Rules addressing the feedback received in consultation submissions, along with a mark-up comparing the final version of the rule changes to the consultation version.
National roadshow presentation Attached are the slides for the ASX's national roadshow presentation on the listing rule and guidance note changes. Effective date Subject to the receipt of the necessary regulatory approvals, with two exceptions, the final rule changes and all of the revised Listing Rule Appendices and Guidance Notes above will come into effect on 1 December Consultation feedback ASX received 48 written submissions in response to its consultation paper, with nine provided on a confidential basis.
Effective date for the amendments For existing participants, the proposed reduction in the recovery time objective RTO in Guidance Note 10 will be phased in over a 3 year period. ASX has released the revised version of GN 33 earlier than foreshadowed in the consultation paper to: incorporate immediately some of the feedback received in the consultation including, in particular, a change to section 2. Written submissions are requested in electronic form by Friday 3 May The following potential changes are outlined in the consultation paper: Change to the settlement process to make the contract cash settled at expiry Application of expiry position limits Reduction in the minimum price increment for specific bank bill futures months Increase to the maximum allowable order size.
The paper sets out: changes to be delivered in connection with the CHESS replacement system through new business features; describes the system architecture for the DLT-based model and the different connectivity options; a draft plan for the implementation of the new features; and testing and transition arrangements.
Written submissions are requested by Friday 22 June Written submissions are requested by Tuesday 15 May This consultation paper follows a review of actions taken by the ASX during technical issues or outages, including: the application of session states e.
Enquire and Adjust ; the management of orders during incidents; communication with the Market during incidents; the current ASX market practice of staggered group openings; and action when only a subset of securities are available for trading. Written submissions should be made by 30 April Written submissions are requested by Friday 13 October Written responses are requested by Friday, 8 September Written submissions in response to the consultation paper are requested by Monday 7 August Written submissions in response to the consultation paper are requested by Friday 7 July Written submissions in response to the consultation paper are requested by Friday 5 May Written submissions in response to the consultation paper are requested by Friday 10 March Written submissions are requested by Friday 23 December Written submissions in response to the consultation paper are due by Friday, 28 October Written submissions are requested by Friday 16 September Written submissions are requested by Thursday, 11 August ASX received the following non-confidential submissions in response to its consultation paper: Botswana Metals Ltd Kibaran Resouces Ltd ASX made some changes to the consultation versions of the Appendix 4C and Appendix 5B in response to these submissions, including: re-structuring the entries in item 1.
ASX Settlement Non Business Days Market Response The consultation feedback provided strong support for ASX Settlement ceasing to observe local public holidays in NSW and Victoria with the majority of respondents citing the benefits of alignment with RITS and other securities settlement facilities in addition to improvements relating to funding liquidity, risk concentration and settlement availability.
Written submissions are requested by Friday, 29 April Written submissions are requested by Monday, 11 April Written submissions are requested by Friday 29 January Written submissions are requested by Thursday 17 December Comments on the proposals are requested by Monday 9 November The non-confidential submission is available below: JP Morgan The response document also includes revised and final Operating Rules that are subject to regulatory approval. Written submissions in response to this consultation paper are due by 8 July The non-confidential submissions are available below: AFMA Chi-X ISDA This document also seeks feedback on exposure draft rules to implement new loss allocation and replenishment tools for both participant default loss and non-default loss following the October Consultation.
Comments are due by Monday 20 April Comments are due by Friday 24 April Comments on these materials are due by 20 March Submissions close on 6 February Written submissions in response to this consultation paper are due by Friday 7 November The submissions provided on a non-confidential basis are available below: Westpac Suncorp The change proposed in the consultation will be effective from 3 November Submissions close on 22 August ASX also issued: a Supplementary Consultation Response outlining the changes it has made to its proposed governance-related Listing Rule amendments, which were the subject of an initial consultation in August-November and a supplementary consultation in February-March a mark-up identifying the changes made in the final version compared to the proposed changes issued with its supplementary consultation paper in February The changes to the ASX Listing Rules released with the supplementary consultation response are intended to come into effect on 1 July , subject to receipt of the necessary regulatory approvals under the Corporations Act.
Written submissions in response to this consultation paper are due by Monday, 19 May The submission notes that the Inquiry comes at an important time, with the global regulatory and competitive environment evolving significantly in recent years. Written submissions in response to this consultation paper are due by 7 April Written submissions in response to this consultation paper are due by 14 March The submission notes that such mechanisms may eventually grow to be an important element in funding small companies in innovative industries and argued that targeted regulatory relief to facilitate such arrangements are worth consideration by Government.
Written submissions in response to this consultation paper are due by 29 November Submissions close on 15 November ASX is inviting interested parties to provide comment by 31 October Submissions close on 2 October Written submissions are requested by Monday 31 January You offer that parcel into the auction at a very low price…basically you will take whatever you can get so as to not upset the client.
By offering the stock low, you increase the likelihood of the stock being soaked up in the auction, i. These are fairly crude examples and, in reality, a broker would be more likely to make a phone call to his list of contacts and offer that 3k parcel around to people at a discounted price to see if there are any takers but, worst-case scenario, they would put the stock into the auction as outlined above.
The auctions are open and available to anyone. I have personally participated in both in the past. The opening market auction is easy, you just set your order in your trading platform. The closing market auction is a little different, or at least it was when I last did it. To participate I always had to call the broker and ask specifically for them to put my order into the auction.
Not sure if that has changed now — it was a long time ago. The sum total of all this is that the opening market auction sets the official opening price for the new trading session, which can be different from the previous close. And the closing market auction explains why the price moves between 4 pm and pm. Chris runs the Trading Ideas section for Marcus Today members, using a mechanical approach he educates our members on building their own trading plans as well as providing new trading ideas.
Skip to content. Closing Market Auction At 4 pm, regular trading on the ASX ceases and a closing market auction, similar to the opening market auction, occurs.
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