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Quantitative Finance · Glosario

¿Qué es Auction collar?

Definition 10.2 Microstructure and Execution · Capítulo 10 — Auction Mechanics and Theory

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.

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