1. You can enter new orders, amend or delete orders.
2. The price of the new order and amendment has to be the same as the TAC price, otherwise the order will be rejected.
3. Partially filled/unfilled orders with a worse or at the TAC price from the close auction will be carried over to the TAC phase.
4. If the price of a GTD order is amended to a non-TAC price, the order amendment will be rejected during the TAC phase but the original order will still remain in the order book under the original order price.
5. Only limit orders and GTD orders with established closing price are applicable during the TAC phase.
6. Unfilled/partially filled GTD orders from TAC phase will be carried over to the following trading day. Unfilled/partially filled day orders from the TAC phase will expire at the end of the day.
Notes:
• The TAC phase will only occur if a closing auction price is established for the security. The TAC price will then become the Previous Close on the next trading day.
• Orders entered during the TAC phase will only be filled if there is adequate interest on the other side of the trade.
• The TAC applies the key principle of continuous trading session whereby incoming orders are matched immediately against resting orders in the order book based on time priority.