continuous trading session; zaraba
A stock exchange term for the main trading session where orders are matched continuously, as opposed to fixed-price sessions like the opening or closing call. Also referred to by the Japanese term 'zaraba' in English financial contexts.
The continuous session of the Tokyo Stock Exchange is from 9 a.m. to 3 p.m.
A large order came in during the continuous trading session.
Katakana variant, often used in financial contexts.
The term ざら場 (zaraba) is a financial jargon word. The origin is uncertain, but it may derive from the onomatopoeic word ざらざら (rough, granular) combined with 場 (place), possibly referring to the bustling, continuous nature of the trading floor.