Overview
- Mock trading that incorporates the new mechanism will be conducted on Dec. 6 to let members test systems and contract files.
- The session will run daily from 9:00 to 9:15 with order entry until a system-randomized close between 9:07 and 9:08, followed by matching and a buffer period.
- The rule covers current-month futures on single stocks and indices, and during the final five trading days before expiry it also includes next-month futures.
- Options, spread contracts, far-month futures, and futures on ex-dates tied to schemes of arrangement will be excluded from the pre-open.
- Orders will face margin validation at entry, only market and limit orders are permitted, the opening price is set at the equilibrium price, and unmatched orders carry into regular trading under defined rules.