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What are the different market phases under the ATS and how do they affect trading?

April 26, 2017affect ATS different market phases trading

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What are the different market phases under the ATS and how do they affect trading?

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Under the ATS, the market goes through a number of different phases to allow for various activities, such as establishing opening prices and end of day processing. Trading is divided into four main sessions, each with its own operating hours as indicated in the table below.