Indicative Match Price

Anything can be bought for a price...like the Indicative Match Price.

The Indicative Match Price is the price at which the maximum volume of buy and sell orders can be traded in a single price auction.

Because there can be imbalances in single price auctions, the Indicative Match Price helps to resolve the imbalances. For instance, there might be market orders and limit orders, and orders to buy and sell that don’t match up one-to-one. If there are multiple prices, then the auction will execute on whatever the most recent sale price is: the Indicative Match Price.