The New York Stock Exchange (NYSE), also known as the 'Big Board', is one of the primary equity markets in the United States. Founded in 1817, it has long been an icon of capitalism. Over the years, NYSE has merged with other exchanges globally and is now a flagship exchange in the NYSEEuronext group.
Currency: US Dollar (USD)
Time Zone: UTC -05:00
The pre-opening session runs from 07:30 - 09:30. During this session, orders can be entered and cancelled but no matching will occur. At the open (09:30) all matching orders are executed at a single opening match price, with the remaining orders left on the continuous limit order book.
The closing price is defined by the following closing auction mechanism.
Auction means an auction conducted in a trading platform with respect to qualifying orders to determine the auction price pursuant to the following process and priority:
If an imbalance exists, or if equilibrium exists between buy MOC orders and sell MOC orders and an Indicative Match Price doesn’t exist, as many buy MOC orders and sell MOC orders as possible shall be matched on a time priority basis:
The following periods affect only order entry for participation in the closing auction. There is continuous trading from 09:30 - 16:00, during which regular (non-imbalance) orders will be matched.
1. Pre-Imbalance (09:30 - 15:45)
2. Post-Imbalance (15:45 - 16:00)
3. Closing Cross Price (16:00:00)
Order Types: Limit-on-Close and Market-On-Close orders are eligible to participate in the Closing Auction.