Arizona Stock Exchange Revamps Schedule
ATS/ECN UPDATE
The Arizona Stock Exchange (AZX), an automated call market, is planning a new auction schedule to go into effect some time during the current quarter. Auctions will be held at 9:29 and 10:30 AM, and 12:30, 2:30 and 4:30 PM.
The privately-owned exchange provides single-price auctions that accepts limit orders at the time of an auction. The auction determines a single price that clears the most number of shares. AZX counts about 300 institutions and broker dealers among its users. Daily volume per
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