End-to-end automated execution from order, to price discovery, settlement, and clearing, makes for an efficient experience. Capital efficiency: Traders can leverage lower margin requirements using our smart portfolio margin tools to offset their positions in opposite directions and across different products. Lower executed fees compared to executing two individual outright trades.

A Call Auction is a listing mechanism where buy and sell orders are collected over a fixed period and matched at a single opening price when the auction ends.This mechanism is generally applied to newly listed assets that require price discovery at the start of trading.Trading sequence During a call auction, trading follows the sequence below: Start of Call Auction period Users may place limit buy and sell orders. Orders are collected but are not executed.