Thanks amuletIntraday auctions trial for stocks outside...

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Intraday auctions trial for stocks outside S&P/ASX
300 and amendments to ASX Operating Rules Procedures
Amendments to ASX Operating Rule Procedures

As indicated in ASX Circular 539/12, ASX proposes to commence a 3-month trial of intraday auctions for selected equity securities outside the S&P/ASX 300, starting 29th January 2013.


To support such intraday auctions, ASX proposes to amend the ASX Operating Rule Procedures. The amendments also reflect that the ETR Reference Price will be reset by prices established during such intraday auctions (or otherwise by prices established by the opening transaction post the intraday auction). A copy of the proposed Procedure amendments is attached (Attachment A).

If you have any comments please contact Marcus Harreus by 21 January 2013.
Subject to the comments received, it is intended that the proposed amendments will take effect on 29 January 2013.


Nature of Intraday Auctions
Intraday auctions will be conducted in equity securities selected for the trial at 12pm and 2pm on each Trading Day and be for a 5 minute duration (+/- 15 seconds random timer).

Refer to ASX Trade Bulletin 25/12 for further technical information on the operation of the trial of Intraday Auctions. Based on the outcome of the trial, ASX will consider.



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LINK
https://www.asxonline.com/intradoc-cgi/groups/participant_services/documents/communications/asx_035733.pdf

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