Auctions
Auction Eligible Securities
- NYSE - NYSE Listed Securities Only
- NYSE American - NYSE American Listed Securities Only
- NYSE Arca -
| NYSE Arca-Listed Securities | UTP Securities | |
|---|---|---|
| Early Open Auction | Yes | Yes |
| Core Open Auction | Yes | No |
| Closing Auction | Yes | Yes |
| Halt Auction | Yes | No |
- NYSE Texas - NYSE Texas Listed Securities Only
Auction Timelines (All Eastern Times)
Opening Auction
| 6:30 a.m. | NYSE Pillar Gateways open for order entry
|
| 8:00 a.m. | Imbalance publication begins and is disseminated every 1 second until auction is complete |
| 9:30 a.m. | Opening auction process begins |
Closing Auction
| 3:50 p.m. | Cutoff time for Market on Close/Limit on Close (MOC/LOC) order entry:
|
| 3:59:50 p.m. | D orders may no longer be entered or modified |
| 4:00 p.m. | Closing auction process begins |
Early Opening Auction
| 6:30 a.m. | Order Entry and Early Open Auction Imbalance publication Begins |
| 6:59 a.m. | Early Open Auction Imbalance Freeze begins |
| 7:00 a.m. | Early Open Auction Executes (Limit Orders Only) |
Opening Auction
| 8:00 a.m. | Core Open Auction Imbalance Publication Begins |
| 9:29 a.m. | Requests to cancel MOO Orders and LOO Orders will be rejected. |
| 9:29:55 a.m. | Core Open Auction Imbalance Freeze begins: new MOO Orders and LOO Orders will be rejected |
| 9:30 a.m. | Core Open Auction executes within Auction Collars |
Closing Auction
| 3:50 p.m. | Closing Freeze Period Begins; only offsetting MOC/LOC order accepted. Requests to cancel MOC/LOC orders will be rejected |
| 4:00 p.m. | Closing Auction executes within Auction Collars |
Early Opening Auction
| 2:30 a.m. | Order Entry and Early Open Auction Imbalance Information Begins |
| 3:59 a.m. | Early Open Auction Imbalance Freeze begins |
| 4:00 a.m. | Early Open Auction Occurs (Limit Orders Only) |
Opening Auction
| 8:00 a.m. | Core Open Auction Imbalance Publication Begins |
| 9:29 a.m. | Requests to cancel MOO Orders and LOO Orders will be rejected. |
| 9:29:55 a.m. | Core Open Auction Imbalance Freeze begins: new MOO Orders and LOO Orders will be rejected |
| 9:30 a.m. | Core Open Auction occurs within Auction Collars |
Closing Auction
| 3:00 p.m. | Imbalance Publication Begins |
| 3:59 p.m. | Closing Freeze Period Begins; only offsetting MOC/LOC order accepted. Requests to cancel MOC/LOC orders will be rejected |
| 4:00 p.m. | Closing Auction occurs within Auction Collars |
Early Opening Auction
| 6:30 a.m. | Order Entry and Early Open Auction Imbalance publication Begins |
| 6:59 a.m. | Early Open Auction Imbalance Freeze begins |
| 7:00 a.m. | Early Open Auction Executes (Limit Orders Only) |
Opening Auction
| 8:00 a.m. | Core Open Auction Imbalance Publication Begins |
| 9:29 a.m. | Requests to cancel MOO Orders and LOO Orders will be rejected |
| 9:29:55 a.m. | Core Open Auction Imbalance Freeze begins: new MOO Orders and LOO Orders will be rejected |
| 9:30 a.m. | Core Open Auction executes within Auction Collars |
Closing Auction
| 3:00 p.m. | Closing Auction Imbalance Publication Begins |
| 3:59 p.m. | Closing Freeze Period Begins; only offsetting MOC/LOC order accepted. Requests to cancel MOC/LOC orders will be rejected |
| 4:00 p.m. | Closing Auction executes within Auction Collars |
Auction Imbalance Publication Information
| Description | NYSE | NYSE American NYSE Arca NYSE Texas | |
|---|---|---|---|
| Indicative Match Price | Best price at which the maximum volume of shares, including the non-displayed quantity of Reserve Orders (Only during Imbalance Freeze), is tradable in the applicable auction, subject to the Auction Collars. | X | |
| Total Imbalance | Total Imbalance quantity for all orders included in the imbalance calculations at the Reference Price. | X | X |
| Market Imbalance | The imbalance of any remaining MOO & Market Day (Core Auction and Trading Halt Auction) / Market Day & MOC (Closing Auction) orders that are not already matched at the Reference Price. | X | |
| Paired Quantity | Number of shares paired at the Reference Price. | X | X |
| Price collar thresholds for the Indicative Match Price for the Core Open Auction, Trading Halt Auction, or Closing Auction. | X | ||
| Price at which the imbalances are calculated. | X | X |
Additional Information
For further information on auction processing please refer to Rule 7.35 in each exchange Rule Book.