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Do incoming orders trade at multiple price levels?
When auto-ex is enabled, an incoming order may 'walk the book' and trade at multiple price points, until it is filled, reaches its limit, or triggers a tolerance that results in auto-ex being disabled.
Are orders automatically included in an auction?
All orders residing on the AEMI book are eligible for inclusion in an auction, and electronic orders resident on the AEMI book take precedence over verbal bids and offers at the pair off price.
Do all orders participate in the opening and closing pair-offs?
All orders except Cross orders participate in all opening, re-opening and closing pair-offs.