How is the closing price determined without closing auction?

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Multiple Choice

How is the closing price determined without closing auction?

Explanation:
In markets without a closing auction, the official closing price is the last price at which a trade occurred during the continuous trading session. This last traded price serves as the day's closing price because there isn’t a separate auction that determines a price at the close. The opening price is the price at market open, the reference price is a separate benchmark used for checks or settlements, and the maximum price is simply the day’s high—none of these define the close in the absence of a closing auction.

In markets without a closing auction, the official closing price is the last price at which a trade occurred during the continuous trading session. This last traded price serves as the day's closing price because there isn’t a separate auction that determines a price at the close. The opening price is the price at market open, the reference price is a separate benchmark used for checks or settlements, and the maximum price is simply the day’s high—none of these define the close in the absence of a closing auction.

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