Emergency deletions cannot be carried out during which times?

Emergency deletions cannot be carried out during which times?

• A. Opening and close of trading
• B. Lunch break
• C. Overnight hours
• D. Weekends

Answer: (A)

Emergency deletions are restricted during the moments when the market is forming its official opening and closing prices. The opening and closing periods run auctions that gather and match orders to determine the day’s start and end prices, so allowing urgent deletions then could distort price discovery and create unfair situations. Because of that, emergency deletions are not carried out during opening and closing of trading. Outside those times, the system handles such actions under the usual procedures, when price formation is not in progress in the same way.

Emergency deletions are restricted during the moments when the market is forming its official opening and closing prices. The opening and closing periods run auctions that gather and match orders to determine the day’s start and end prices, so allowing urgent deletions then could distort price discovery and create unfair situations. Because of that, emergency deletions are not carried out during opening and closing of trading. Outside those times, the system handles such actions under the usual procedures, when price formation is not in progress in the same way.