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Project Tags:

Completed

Trading

Equities

Listed

Product benefits

Further details about LOC Orders

Learn more about this automation

 

• LOC Orders remain hidden in the central order book until the closing call starts. Once activated, the orders will be included in the book as limit orders at the limit price pre-defined by participants, respecting the chronological order (Price Time Priority) of previously entered orders at the same price

• Orders not executed in their entirety must be automatically canceled after the closing call ends.

• Trades generated with LOC orders will be treated as regular auction trades, namely, they must affect price and trade statistics and must follow the brokerage house anonymity settings on Market Data

 

Timeline

  • Start of Certification

    Start of Certification

  • Other

    Tranche 1 - MarketsegmentID 80 e MarketsegmentID 98

  • Other

    Tranche 2 - MarketsegmentID 82, MarketsegmentID 86, MarketsegmentID 92 e MarketsegmentID 94

  • Other

    Tranche 3 - MarketsegmentID 84, MarketsegmentID 88, MarketsegmentID 90

  • Go-live

    Available to the market

Technical details

  • Catalog changes

    No catalog changes

  • Main systems

    PUMA

  • Main related functions

    No related functions

  • Certification roadmap

    No impact

  • What is the Sinacor version?

    No impact

Material name

Date

Material Type

Language

Format

Size

OC 140-2023 PRE Implementação de Novo Tipo de Oferta Limitada (LOC) Ambiente de Produção

08/14/2023

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pdf

89KB