Description
Type: String
Defines the subordinate trading session at which the order will be activated.
Valid values:
- 1 = Pre-Trading
- 2 = Opening or opening auction
- 3 = (Continuous) Trading
- 4 = Closing or closing auction
- 5 = Post-Trading
- 6 = Scheduled intraday auction
- 7 = Quiescent
- 8 = Any auction
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9 = Unscheduled intraday auction
An unscheduled intraday auction might be triggered by a circuit breaker.
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10 = Out of main session trading
In the context of Market Model Typology "Out of main session trading" refers to both before and after session, neither auction nor continuous trading.
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11 = Private auction
An auction phase where only two parties participate.
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12 = Public auction
An auction phase where all trading parties participate.
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13 = Group auction
An auction phase limited to specific parties (e.g. parties that have resting orders in the order book).
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14 = Order initiated auction
Auction automatically triggered by an order, e.g. an incoming order or a resting order that can be matched based on an incoming order. Use 9="Unscheduled intraday auction" for any other auctions that are not scheduled. In the context of Market Model Topology, this can be used for an on demand auction (a.k.a. frequent batched auction).