Reinstatement process

On the Australian Stock Exchange (ASX), after a company is reinstated from suspension:1. Market depth is cleared: All existing buy and sell orders in the order book are removed (“scrubbed”) before trading resumes. This prevents stale or mispriced orders from executing upon reinstatement.2. Pre-open phase: The stock enters a pre-open state prior to resumption, typically for 10–15 minutes. During this time, market participants can enter new orders, and indicative prices and volumes are visible. No trades occur during this phase.3. Normal trading resumes: After the pre-open phase, the stock opens for normal trading via an opening auction.This process ensures fair price discovery based on current information.


the depth has been scrubbed so we are in the reinstatement process