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AU Auction Descriptions

Pre- and post-market auction phases:


Sydney Time


7:00 AM - 10:00 AM

Closing Auction

4:00 PM - 4:12PM

During the auction phases, the Australian Securities Exchange (ASX) will disclose the data related to the Indicative Price:

Indicative Price

Ranging from the highest bid price to the lowest ask price, Indicative Price is the price at which maximum number of shares can be traded if matching occurs.

Indicative Volume

Indicative Volume is the number of shares that can be matched at the Indicative Price.

Surplus Volume

Surplus Volume is equal to Cumulative Buy Quantity- Cumulative Sell Quantity. A positive sign (+) indicates a surplus will be left on the buy side, while a negative sign (-) indicates a surplus will remain on the sell side.

For more details, please go to the website of the ASX at ASX Auctions.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.