Post Outage Trading Resumption
Post outage trading resumption is the structured process of bringing an exchange back online after a period of downtime. This typically involves a phased approach, starting with order cancellations, moving to a call auction phase to establish a fair opening price, and finally returning to continuous trading.
This controlled process prevents the massive volatility and order book instability that could occur if trading were resumed instantly. By carefully managing the transition, the exchange ensures that all participants have equal access and that the market can find a new equilibrium.
This is a critical operational procedure for maintaining market order and user trust. It is a standard practice in traditional finance now being adapted for crypto.