ST Alpha - "As I understand it, they set an auction price based on how much the stock is sold/bought and what price." (Reading a Post)

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In response to "Anyone playing Cantor Exchange participating in today's auctions for Kick Ass and Season of the Witch? I'm trying to figure out how the auctions work. -- nm" by Dano Ho Ho

As I understand it, they set an auction price based on how much the stock is sold/bought and what price.

Posted by Inigo (aka Inigo) Dec 22 '09, 08:25

So if the stock price ends up being $47, and you put bids in for 10 shares at $48, you'd get that stock.

If you put in to buy 10 shares at $46, you wouldn't get that stock.

Responses:

Last week I kept track of the bids shown on the stock page, and the opening price made no sense. -- nm - Dano Ho Ho Dec 22, 08:33 1
- Yeah, from my experience the opening price always seemed higher than it should be. - Inigo Dec 22, 08:36

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As I understand it, they set an auction price based on how much the stock is sold/bought and what price.

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