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3.2. When does trading start on newly approved claims?

Approved claims must attract buy and sell orders indicating enough interest before trading will start. The current rules are that there must be:

At least 2 traders with buy orders for a total of at least 10 contracts.
At least 2 traders with sell orders for a total of at least 10 contracts.
A spread between the bid and ask prices of no more than 10 percent of the range indicated by the probable values defined for the claim.

Trading will start automatically when an order is placed which causes all of these conditions to be true.

If the bid price is greater than the ask price when trading starts, prices will be determined by averaging the bid and ask price on orders that are matched.

These rules will probably be modified in the future as experience tells us whether many claims that pass this end up being ignored.

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