Oslo Børs Introduces New Closing Price Auction

EXCHANGE WATCH

Oslo Børs will begin implementing a closing auction for listed shares and primary capital certificates to ensure better quality closing prices, the exchange said last week. The auction will start on Friday, Feb. 14.

The closing price of the securities involved will now be determined in the same way as the opening price--i.e. by matching purchase and sale orders through an auction after the brokers have registered their orders in the Oslo Børs trading system. The closing auction will take place

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