Defines the subordinate trading session at which the order will be activated.
| 1 | = | Pre-Trading | Added EP58
| | [PreTrading] |
| 2 | = | Opening or opening auction | Added EP58
| | [OpeningOrOpeningAuction] |
| 3 | = | (Continuous) Trading | Added EP58
| | [Continuous] |
| 4 | = | Closing or closing auction | Added EP58
| | [ClosingOrClosingAuction] |
| 5 | = | Post-Trading | Added EP58
| | [PostTrading] |
| 6 | = | Scheduled intraday auction | Added EP58
Updated EP163
| | [ScheduledIntradayAuction] |
| 7 | = | Quiescent | Added EP58
| | [Quiescent] |
| 8 | = | Any auction | Added EP131
| | [AnyAuction] |
| 9 | = | Unscheduled intraday auction An unscheduled intraday auction might be triggered by a circuit breaker. | Added EP163
| | [UnscheduledIntradayAuction] |
| 10 | = | Out of main session trading In the context of Market Model Typology Out of main session trading refers to both before and after session, neither auction nor continuous trading. | Added EP163
| | [OutOfMainSessionTrading] |
| 11 | = | Private auction An auction phase where only two parties participate. | Added EP168
| | [PrivateAuction] |
| 12 | = | Public auction An auction phase where all trading parties participate. | Added EP168
| | [PublicAuction] |
| 13 | = | Group auction An auction phase limited to specific parties (e.g. parties that have resting orders in the order book). | Added EP168
| | [GroupAuction] |
| 14 | = | Order initiated auction Auction automatically triggered by an order, e.g. an incoming order or a resting order that can be matched based on an incoming order. Use 9=Unscheduled intraday auction for any other auctions that are not scheduled. In the context of Market Model Topology, this can be used for an on demand auction (a.k.a. frequent batched auction). | Added EP286
| | [OrderInitiatedAuction] |