CT-USD trading pair enters auction mode for limit orders
Summary
The CT-USD trading pair has officially entered auction mode, allowing customers to submit limit orders while the indicative open price is displayed. This auction phase will last for a minimum of 10 minutes, during which no trades will be executed as orders are collected for price discovery. After the auction concludes, any orders that cross the final opening price will be matched accordingly, transitioning the market into regular trading thereafter.
Analysis
CT-USD: CT-USD is a trading pair representing the market for the CT asset priced in U.S. dollars. In the reported announcement, its order book is entering auction mode, allowing limit orders and displaying an indicative opening price before matching begins. Trading process: After the auction ends, orders that cross the final opening price are matched at that opening price, after which the market can transition to regular trading. Auction mechanism: Auction mode temporarily pauses order matching while limit orders are collected for price discovery; the indicative price reflects where the market could open based on resting orders.
Categories
cryptodefihyperliquid
Related sources
- https://www.interactivebrokers.com/docs/general/order-types/basic-orders/auction-orders/auction
- https://help.ctrader.com/trading-with-ctrader/orders/
- https://help.ctrader.com/ctrader/trading/orders/
- https://www.coingecko.com/en/coins/citrea-usd
- https://help.coinbase.com/en/coinbase/trading-and-funding/derivatives/auction-mode-international-exchange
- https://www.ibkrguides.com/traderworkstation/order-types.htm
- https://www.wienerborse.at/uploads/u/cms/files/trading/xetra-t7-detailed-specifications-market-models.pdf
- https://www.stocktitan.net/articles/auctions-on-halts-and-reopenings
- https://help.coinbase.com/en/exchange/trading-and-funding/what-is-auction-mode-
- https://its.bochk.com/investment/securities/help/ibs_sec_glossary_e.html
- https://www.scribd.com/document/335415410/Trading-Work-Station-Guide-Complete
- https://www.interactivebrokers.com/campus/glossary-terms/at-auction-order/
- https://interactivebrokers.github.io/tws-api/basic_orders.html
- https://help.coinbase.com/en/coinbase/trading-and-funding/advanced-trade/auction-mode
- https://www.stocktitan.net/articles/opening-closing-auctions-explained