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As of January 2, 2013, Call-Auction, a new closing price methodology, has been implemented for the closing price on ADX in place of VWAP. During the pre-closure period of 10 minutes before the end of the trading session, traders and broker dealers will be allowed to enter and modify orders without execution. At the end of the trading session, the trading system calculates the closing price, according to the same criteria used to calculate the opening price and the execution of all tradable pre-orders.
Terms for Call-Auction Calculation, in order of consideration, are:
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