An auction collar is a price range around a reference price outside which the auction may not clear, or orders may not be priced; if the uncross would fall outside it, the venue extends the call or clears at the collar.
Quantitative Finance · المسرد
Quantitative Finance · المسرد
An auction collar is a price range around a reference price outside which the auction may not clear, or orders may not be priced; if the uncross would fall outside it, the venue extends the call or clears at the collar.