IPO/New Issue Auction Contingency Matrix
Cboe systems will automatically take the following actions if a matching engine failure occurs prior to the IPO/New Issue Auction. Normal matching engine fail over occurs in approximately 45 seconds.
| Time of Matching Engine Recovery | Result |
|---|---|
| Prior to quoting period start | IPO/New Issue Auction occurs as originally scheduled |
| During quoting period | IPO/New Issue Auction will be rescheduled within minutes for the same day |
| After scheduled auction time | IPO/New Issue Auction will be rescheduled within minutes for the same day |