Opening Process definition

Opening Process means the process for opening or resuming trading pursuant to this Rule and shall include the process for determining the price at which Eligible Interest shall be executed at the open of trading for the day, or the open of trading for a halted option, and the process for executing that Eligible Interest.
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Opening Process means a single price auction to establish an opening price;
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Examples of Opening Process in a sentence

  • The Exchange will make and maintain records to document all determinations to deviate from the standard manner of the Opening Process, and periodically review these determinations for consistency with the interests of a fair and orderly market.

  • Post-Only Orders received before the Opening Process or during a trading halt may participate in the next Opening Process.

  • For a transaction occurring as part of the Opening Process (as described in Rule 503) the Exchange will determine the Theoretical Price if there is no NBB or NBO for the affected series just prior to the erroneous transaction or if the bid/ask differential of the NBB and NBO just prior to the erroneous transaction is equal to or greater than the Minimum Amount set forth in the chart contained in subparagraph (b)(3) below.

  • A Post-Only Order is valid during the Opening Process and will be processed in accordance with Rule 503.

  • If there are quotes or orders that lock or cross each other, the System will open by following the Opening Process detailed below.

  • When two or more prices for an affected series would satisfy the Opening Process as detailed below and the maximum quantity criterion would satisfy all interest at that level, the System uses the highest and lowest of those prices to determine the mid-point for the opening price.

  • Any Route Timer or Imbalance Timer in process shall terminate with respect to an option if at any time during the Opening Process there is a trading halt or trading pause in such option on the Exchange.

  • The option may be subject to any new subsequent Route Timer or Imbalance Timer during the Opening Process upon the termination of the trading halt or trading pause for such option.

  • All orders and quotes or portions thereof that are matched pursuant to the Opening Process will be executed at the Opening Price.

  • These additional routed orders must be identified as ISOs. An ISO is not valid during the Opening Process described in Rule 503.

Related to Opening Process

  • Bidding Process means the procurement procedure under which sealed bids are invited, received, opened, examined and evaluated for the purpose of awarding a contract;

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Signaling System 7 (SS7) means a signaling protocol used by the CCS Network.

  • opening of business means 9:00 a.m. (New York City time).

  • Signaling System 7 (SS7 means a signaling protocol used by the CCS Network.

  • Bid Opening Date means the date the Bid is opened by the City.

  • Designated reception site means the designated place for the reception, staging, integration, and onward movement of contractors deploying during a contingency. The designated reception site includes assigned joint reception centers and other Service or private reception sites.