SafeMatch

SafeMatch is a periodic auction product. SafeMatch is available to the buy and sell side to provide a transparent, dealable point-intime crossing auction, with the option for auction imbalances to be executed utilising AlgoMatch.

SafeMatch matches buy and sell orders at the average midpoint price between 3:57:30PM London Local Time and 4:02:30PM London Local Time.

How Does It Work?
  • Clients can submit or cancel orders up to 3:55PM London Local Time
  • At 3:55PM London Local Time, a match runs and the client knows the quantity filled but not the crossing price.
  • If there is an unfilled quantity on the order, a client can cancel the balance or work the imbalance using the FastMatch proprietary algorithms.
  • Imbalance algorithm will fill the balance of the order during the time when the crossing price is calculated (between 3:57:30PM London Local Time and 4:02:30PM London Local Time.
  • At 4:02:30PM, match price is determined by taking average midpoint value for the previous 5 minutes.
  • Customers receive the fill price on their matched orders.

Safe Match

Count Down to SafeMatch Start
Last updated London Local Time
Symbol Current Rate Prior Rate Symbol Current Rate Prior Rate Symbol Current Rate Prior Rate