RT Journal Article SR Electronic T1 Brazilian Auctions: A Primer JF The Journal of Trading FD Institutional Investor Journals SP 74 OP 78 DO 10.3905/jot.2013.8.2.074 VO 8 IS 2 A1 Namit Setia YR 2013 UL https://pm-research.com/content/8/2/74.abstract AB The unprecedented daily volumes on BM&F Bovespa and the growing importance of Brazil in global portfolios make it increasingly important to understand Brazilian market microstructure. Of particular importance are the open and closing auctions in Brazil, which are material but somewhat idiosyncratic liquidity events that are especially important during index rebalances. In this article, the author explores the auction rules and processes and presents empirical data to show the effect of these rules in practice.TOPICS: Emerging, exchanges/markets/clearinghouses