Username: PrettyWoman Rating: Asked to: Heng Kim Date Created: 08 May 2017 |
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Category | 17 |
Tag | Financial |
Question | Please give the definition of 'Indicative Match Price'. |
Hello PrettyWoman, The price at which the maximum volume of orders can be executed at the time of an auction. Indicative match price represents the price at which the greatest number of buy and sell orders can be traded during a single price auction, such as the opening or closing auction on the NYSE Arca. If two or more prices can maximize executable volume – i.e. there are multiple indicative match prices – the auction occurs at the last sale price. The indicative match price facilitates price discovery and transparency while helping resolve order imbalances. |
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