Now assume that the state of the limit order book is as follows just before the call of BHPs openinocall auction Price $919 $912 $910 $907$902$898 $895 $893 Buy Quantity 0 0 0 1910 910 1210 2010 910 S
The call price would be $9.07 because it is the highest price where there is at least one buyer and no seller. Any price above $9.07 would have a seller with a higher quantity than the available buyer quantity. Therefore, $9.07 would be the price at which the maximum number of shares can be traded, making it the call price.
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