QSE announces randomization of opening and closing times
<p>Doha: Qatar Stock Exchange (QSE) announced the implementation of a randomized uncrossing mechanism applicable to the opening and closing auction sessions.</p> <p>In its statement on Sunday, QSE said that this move is in line with its commitment to maintaining fair, orderly, and efficient markets, consistent with international best practices and IOSCO principles relating to market integrity and…
Doha, Qatar - The Qatar Stock Exchange (QSE) has introduced a randomized uncrossing mechanism for its opening and closing auction sessions, according to a statement released on Sunday. This decision aligns with the exchange's dedication to fostering fair, orderly, and efficient markets, adhering to international best practices and the IOSCO standards on market integrity and transparent price formation.
Under this new enhancement, the uncrossing of orders and the establishment of the auction price for each individual security will occur independently and at a randomly determined time within a predetermined randomization window. This randomization window is situated during the final minute of the respective auction session.
As a result, each security will remain in the auction phase until the system selects it at a random time for uncrossing. Once the random selection is made, eligible orders will be matched and executed in line with the current auction price determination rules.
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