Exchange Transparency
COSMOS:
The following document gives important background information on the COSMOS matching algorithm and describes the conditions which should be respected during the process of calculating the day-ahead market results on the EPEX SPOT markets. By explaining a rather technical issue in an accessible and complete manner, EPEX SPOT wishes to enhance the transparency and understanding of the price formation on the exchange.
COSMOS description (version 1.1):
static.epexspot.com/document/20015/COSMOS_public_description.pdf