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Chapter 6 · Single intraday coupling  ›  Section 1 · Objectives, conditions and results of single intraday coupling › Article 51

Objectives of the continuous trading matching algorithm

1.   From the intraday cross-zonal gate opening time until the intraday cross-zonal gate closure time, the continuous trading matching algorithm shall determine which orders to select for matching such that matching:

(a)

aims at maximising economic surplus for single intraday coupling per trade for the intraday market time-frame by allocating capacity to orders for which it is feasible to match in accordance with the price and time of submission;

(b)

respects the allocation constraints provided in accordance with Article 58(1);

(c)

respects the cross-zonal capacity provided in accordance with Article 58(1);

(d)

respects the requirements for the delivery of results set out in Article 60;

(e)

is repeatable and scalable.

2.   The continuous trading matching algorithm shall produce the results provided for in Article 52 and correspond to the product capabilities and functionalities set out in Article 53.

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