| Article 15 |
The unit price of any securities to be purchased by reverse auction shall be within 10 to 20 percent of the closing price of those securities on the date of application for the reverse auction; the sell bid quoted at the unit price farthest below the price of the securities on the date of application for reverse auction will have priority of execution, with quotes at the same price executed in order of the chronological sequence of their entry into the system. If no closing price is available on the current day for the securities under reverse auction, the reverse auction unit price shall be limited to the price determined by application, mutatis mutandis, of the provisions of Article 2, paragraph 2, subparagraph 4 regarding when no closing price is available on the day of the reverse auction, plus 10 to 20 percent.
|
|