Price without turnover in trading procedure Continuous Trading with Auctions

In the trading procedure "Continuous Trading with Auctions", a price without turnover can be determined for selected instruments (direct market plus, direct market, global market, bond market and exchange traded funds) in the opening, intra-day or closing auction if there are no trades executed in the trading system and therefore no price is available. 

Trading rules (pdf-file 181 KB)

§ 5 Price determination and reference price (c) and (d) - Price without turnover in the trading procedure Continuous Trading with Auctions

 

Price without turnover in trading procedure Continuous Auction

In the "Continuous Auction" trading procedure, the liquidity provider can determine a price without turnover if there is no crossed order book situation and therefore no transaction has been concluded. 

Trading rules (pdf-file 181 KB)

§ 5 Price determination and reference price (e) - Price without turnover in the trading procedure Continuous Auction