Continuous Trading definition

Continuous Trading means the trading mechanism based on automatic matching on the Order Book of continuous demand bids with supply offers during the trading sessions where new offers are presented;

Continuous Trading means the trading mechanism based on automatic matching of demand bids with supply offers and continuous entry of new bids/offers during the trading sessions;

Continuous Trading means the trading based upon automatic matching of demand bids with supply offers (or buy orders with sell orders), with continuous entry of new bids/offers or orders during the trading sessions; Contractual Positions shall mean the set of purchase and sale transactions that the Market Participant has concluded in the MTE and involving the same type of contracts;

Examples of Continuous Trading in a sentence

• Continuous Trading • Orders can be entered, maintained, modified and deleted.• Trading takes place on a continuous basis.• Each incoming order are checked immediately for possible execution.• Unexecuted portion of such order is added to the order book.• Matched trades can be viewed on Broker Front End.• Matching will be based on Price and Time Priority.• Opening match is calculated without implied orders.

• If at the start of the Continuous Trading phase the Electronic Book contains Orders from other Members in the security that improve the prices of the Market Maker’s Orders, the latter will be able to modify the buy and sell prices of its Orders providing they fall within the maximum spread established by the BMV for the security in which it is acting as such.

• In order to establish the maximum price, spread between the buy and sell Orders the Market Maker enters into the Electronic Trading System during the remainder of the Continuous Trading phase for each security in which it is acting as such, the Market Maker will use as reference price for each security the price of whichever of its Orders was first entered into the Electronic Trading System in terms of time.

• Other Continuous Trading Rules - The partial execution of a limit and market to limit order shall give rise to the creation of an order for the unfilled quantity that shall remain on the book with the price and time priority of the original order;- Orders that are unfilled at the close of trading shall be automatically cancelled.

• Continuous Trading phase is the main and only phase when orders and quotes are automatically matched against any orders in the order book.

More Definitions of Continuous Trading

Continuous Trading means, with reference to the electronic share market (MTA), Electronic investment vehicles market (MIV) (if envisaged), the electronic securitised derivatives market (SEDEX), the electronic bond market (MOT) the Electronic open-end funds and securitised derivative financial instruments market (ETFplus) and the derivatives market (IDEM), the method of trading that provides for the entry, modification and deletion of orders for the purpose of concluding contracts, immediately or in the future; “Conventional price” means, for open-end CIUs traded in the manner referred to in Article 4.3.11, the price shown in the trading system; “Delta” means the ratio, calculated using the Black & Scholes valuation model, between the change in the price of an option corresponding to a change in the value of the underlying index or financial instrument; “Derivatives market” or “IDEM” means the stock exchange market for the trading of futures and options contracts whose underlying assets are financial instruments, interest rates, foreign currencies, goods or related indexes; “Electronic bond market” (MOT) means the market for the trading of bonds other than convertible bonds, government securities, Eurobonds, foreign bonds, asset-backed securities (ABS) and other debt securities; “Electronic investment vehicles market (MIV)” means the market for the trading of shares of Investment Companies and Real Estate Investment Companies, financial instruments of SIVs and units/shares of closed-end funds listed on the Stock Exchange; “Electronic open-end funds and securitised derivative financial instruments market (ETFplus)” means the market for trading financial instruments referred to in Article 4.1.1, paragraph 1, letter e) (e.g. open-end CIUs, ETFs, exchange traded commodities and exchange traded notes, etc.); “Electronic securitised derivatives market ” (SEDEX) means the market for trading financial instruments referred to in Article 4.1.1, paragraph 1, letter d) (e.g. covered warrants and certificates); “Electronic share market” (MTA) means the market for the trading of shares, convertible bonds, warrants, pre-emptive rights; “Elite Company” means an issuer that obtained the Elite Certificate by Borsa Italiana or another certificate obtained as the result of a process providing for training and evaluation and improvement of management systems which is recognized by Borsa Italiana; “EMS” (Exchange Market Size) Means the quantity, defined as number of financial instruments, with ref...

Continuous Trading means the trading based upon automatic matching of demand bids with supply offers (or buy orders with sell orders), with continuous entry of new bids/offers or orders during the trading sessions

Continuous Trading means the trading mechanism used in the M- RECO and based on automatic matching of buy and sell orders, with continuous entry of new orders during the trading sessions;

Continuous Trading means the mechanism of trading based on the automatic matching of demand bids and supply offers or purchase orders and sale orders, with continuous entry of new bids/offers or orders during the trading sessions;

Continuous Trading means a continuous process of simultaneous matching of orders from NEMO trading hubs within a bidding zone and, where applicable, across bidding zone borders through capacity allocation;

Continuous Trading means a continuous process of simultaneous matching of orders from NEMO trading hubs and allocation of available cross-zonal capacity in the SIDC.

Continuous Trading means, with reference to the Euronext Milan market, Euronext MIV Milan market (if envisaged), the electronic bond market (MOT) the Electronic ETF and ETC/ETN market (ETFplus) and the derivatives market (IDEM), the method of trading that provides for the entry, modification and deletion of orders for the purpose of concluding contracts, immediately or in the future;“Electronic bondmarket” (MOT)means the market for the trading of bonds government securities, Eurobonds, foreign bonds, asset-backed securities (ABS) and other debt securities; “Electronic market forETCF and ETC/ETN” means the market for trading ETF and ETC/ETN;“Market Maker”means the intermediary that has underwritten a market making agreement with Borsa Italiana, in accordance with Regulation 2017/578/EU;“Opening-auction price”or “opening price”means, on the Euronext Milan market, market Euronext MIV Milan, the Electronic ETC/ETN market (ETFplus) the price at which contracts are concluded in the opening phase including its potential extensions with a reservation phase; where more than one auction is held for a financial instrument during a Stock Exchange session, the opening-auction price shall be the price determined at the end of the first auction phase; “Order”means an order to buy or sell, for own or customer account, entered by market intermediaries in the Euronext Milan market, Euronext MIV Milan, the Electronic ETF and ETC/ETN market (ETFplus), the Electronic bond market (MOT), or the derivatives market (IDEM), containing the data and information necessary for its display and execution;“Parameters”means, for the purpose of the market surveillance referred to in Part 6:a) special conditions for the entry and execution of orders in terms of their price, timing and quantity characteristics;b) limits to the maximum changes in the prices of contracts that can be concluded, calculated with reference to other contracts or orders present on the Central Order Book;c) start, end and duration of trading and the suspension thereof in the different phases;