The Auction Round takes place every Thursday at 9:00 Central European Time (CET) and ends every Wednesday at 13:59 CET. During each Auction Round the market collects buy and sell orders without immediately executing transactions that may match. Orders can only be placed or cancelled during the Auction Round. Once a week, the possibility to place or cancel orders is temporarily halted and the market closes its order book. In this period, the Market assesses whether buy and sell orders in the order book can be matched. This period is known as the Trading Round.
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