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What are the new market timings for CAS stocks?

Please refer to the table for the new market timings for CAS stocks:

Time windowPhase nameWhat happens?
3:00 PM – 3:15 PMReference price windowNormal trading continues. The 15-minute average price (VWAP) is calculated to set the baseline reference price.
3:15 PM – 3:20 PMTransition periodTrading pauses. The exchange sets price limits. You can cancel existing orders, but no new orders or edits are allowed.
3:20 PM – 3:25 PMOrder entry (Phase 1)You can freely place, edit, or cancel both limit and market orders. There are no Order matching and execution at this time.
3:25 PM – 3:30 PMOrder entry (Phase 2)Market orders are locked. You can only place, edit, or cancel limit orders. (Window closes randomly between 3:28 PM and 3:30 PM).
3:30 PM – 3:35 PMOrder matchingThe exchanges calculate the official closing price and match buy or sell orders.
3:35 PM – 3:50 PMPreparation for the post-close Session No trades are executed during this time, as the exchange prepares for the post-closing session.
3:50 PM – 4:00 PMPost-close SessionStandard post-close trading takes place at the newly established CAS closing price.

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