Closing Auction Execution Priority
- MOC orders received in time priority.
- Limit/LOC/LLOC orders priced at or more aggressively than the official auction price. Regular limit orders may include display, hidden and reserve orders. Price/time priority of the specified limit (effective price for LLOC, not ultimate target price) will be considered and hidden followed by reserve size for each price level will be executed after displayed liquidity prior to moving to the next price level.