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LEI
cee stock exchange group
Markets & Products / Trading Information / About trading
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Trading periods
2007.10.18. Friday 17:18

 

In general, trading of exchange products takes place in three periods: opening period, free period and closing period.

In addition, a closing price trading takes place in Equites section.

In respect of the opening and closing periods of trading, the most important role is the determination of the official opening and closing prices of the listed products.

In the order collection subperiod, the orders are entered into the Order Book, but no transaction is made. During this period, on the basis of the orders in the Order Book, the system continuously displays a so-called indicative price, which is the equilibrium price (opening or closing price) established according to the actual status in the book. After each newly entered or withdrawn order, the system updates the indicative price. After the closing the order collection, no more orders can be made from the data entered until such time that, on the basis of a set algorithm, the determination of the product’s opening or closing market price is determined.

 

In the free period, transactions are made with continuous matching of the orders. An order arriving to the Order Book shall be immediately transacted if there is a counteroffer (in the case of a buy, an ask, in the case of a sell, a bid), corresponding to its price. If there is none, the order will be held in the Order Book until the expiry of the time-line set, ranked by price and timing priority. Price priority shall be understood, in the case of buy orders, as the order with the higher price and, in the case of sell orders, the one with the lower price. An order made at an identical price, but earlier in time shall have a priority against the order made later.

In the closing price trading period transactions are concluded according to continuous matching algorithm, solely on the closing price of the security determined on that trading day.
In case the official closing price has not been determined, transactions cannot be concluded in the closing price trading period. Orders in the Order Book are accepted only at the closing price, too. As all orders in the Order Book are at the same price, therefore they cannot be prioritized by price, so all active orders shall be macthed accoording to time priority.

Trading hours

 

 
Actual
2013 average
Name
Price
%
Turn. (mEUR)
ˇ
756
-2.45
0
^
189
+1.07
0
ˇ
901
-0.99
0
^
232
+1.31
0
-
5,760
0.00
0
^
895
+0.67
0
-
12,850
0.00
1
^
309
+0.65
1
^
4,328
+3.54
10
^
339
+1.19
0
^
1,310
+1.95
0
^
3,839
+2.05
2
ˇ
188
-1.05
0
^
4,060
+1.00
0
Change %: to baseprice
Data delayed by 15 minutes
Indices
Index
Value
Change %
BUX
17,702.77
1,518.98
1,207.68
0.00 (0.00)
1,192.16
0.00 (0.00)