CSE decision for timing of trading periods of the markets

 

 

Further to the CSE announcement dated November 9, 2009, we attach the decision of the CSE Council in relation to the timing of the trading periods of the CSE markets, which will be effective from Monday, November 16, 2009. 

 

 

 

Decision of the CSE Council for the periods of trading in the Main Market, Big Projects Market, Shipping Market, Parallel Market, Alternative Market, Investment Companies’ Market, Special Category, Special Characteristics Market, Bonds and Newly-Developed Companies Market

                                                                                                         

Pursuant to Paragraphs 4.1.2, 4.2.2, 4.3.2, 4.3.A.2 and 4.4.2 of the Trading Rules, the CSE Council determines the periods of each method of trading of the markets as follows:

 

PERIODS

 

The periods of each method of trading in the Main Market and the Big Project Market is as follows:

 

Periods

Methods of trading

From

To  

Pre-session

«Method 2»

10:15

RTP: Between

10:28 and

10:30

PAP/V

During the pre-session

 

Session

«Method 1»

From the expiry of the pre-session

 

17:00

Closing auction  

«Method 2»

17:00

RTP:Ě Between

17:02 and

17:04

PAP/V

During the closing auction

Transactions at the

closing price

«Method 3».  The transactions are carried out in the closing price

From the expiry of the closing auction time

17:20

Pre-agreed transactions

 

«Method 6-1»

Simple packages

10:30

17:20

 

«Method      6-2»

Settlement packages Spot 1

 

10:30

13:55

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.55 so that the clearing of transactions is completed

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 10:15 to 10:30 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

«Method 6-3»

Restoration packages  

10:30                  17:20

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1

 

 

 

The periods of each method of trading in the Shipping Market are as follows:

 

Period

Trading methods

From

To

Pre-session

«Method 2»

10:15

RTP: Between

10:28 and

10:30

PAP/V

During the pre-session

 

Session

«Method 1»

From the expiry of the pre-session

 

17:05

Transactions at the

closing price

«Method 3” The transactions are carried out in the closing price

From the expiry of the session

17:20

Pre-agreed transactions

 

«Method 6-1»

Simple Packages

10:30

17:20

 

«Method      6-2»

Settlement Packages Spot 1

 

10:30

13:55

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.55 so that the clearing of transactions is completed

 

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 10:15 to 10:30 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

«Method 6-3»

Restoration Packages

10:30                  17:20

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1

 

 

 

                                                          

The periods of each method of trading in the Parallel Market, the Alternative Market, the Investment Companies’ Market and the Newly-Developed Companies Market

 

Period  

Methods of trading

From

To

Pre-session

«Method 2»

10:15

RTP: Between

10:28 ęáé

10:30

PAP/V

During the pre-session

 

Session

«Method 1»

From the expiry of the pre-session

 

17:05

Transactions

at the closing price

«Method 3».  The transactions are carried out on the closing price  

From the expiry of the session

17:20

Pre-agreed transactions

 

«Method 6-1»

Simple packages

10:30

17:20

 

«Method     6-2»

Settlement Packages Spot 1

 

10:30

13:55

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.55 so that the clearing of transactions is completed

 

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 10:15 to 10:30 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

«Ěethod 6-3»

Restoration Packages  

10:30                  17:20

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1

 

 

 

 

The periods of each method of trading in the Special Category are as follows:

 

Periods

Methods of trading

From

To

1st Auction

«Method 2»

11:15

RTP: Between

11:58 and 12:00

PAP/V

During the first auction

 

2ns Auction  

«Method 2»

12:01

 

RTP: Between

12:43 and 12:45

PAP/V

During the second auction

 

3rd Auction

«Method 2»

12:46

 

RTP: Between

13:28 and 13:30

PAP/V

During the third auction

 

Pre-agreed transactions

 

«Method 6-1»

Simple packages

12:01

13:25

 

«Method     6-2»

Settlement Packages Spot 1

 

11:15

13:00

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.00 so that the clearing of transactions is completed

 

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 11:15 to 11:45 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

«Method 6-3»

Restoration Packages  

12:01                  13:25

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1

 

 

 

 

 

The periods of each method of trading in the Special Characteristics Market

 

Period

Methods of trading

From

To

Pre-session

«Method 2»

10:15

RTP: Between

12:28 and

12:30

PAP/V

During the pre-session

 

Session

«Method 1»

 From the expiry of the pre-session

 

17:05

Pre-agreed transactions

 

«Method 6-1»

Simple packages

12:30

17:05

 

«Method     6-2»

Settlement Packages Spot 1

 

12:30

13:30

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.30 so that the clearing of transactions is completed

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 10:15 to 10:30 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

 

«Method 6-3»

Restoration Packages

12:30                  17:05

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1

 

 

 

 

 

 

The periods of each method of trading in the Bonds Market are as follows:

 

For Governmental Bonds and Treasury Bills:

 

Period  

Methods of trading

From

To

Pre-session

«Method 2»

NOT VALID

NOT VALID

PAP/V

NOT VALID

Session

«Method 1»

11:30

 

13:30

Transactions at

closing price

«Method 3».  The transactions are carried out at the price of the last transaction of the previous period

NOT VALID

NOT VALID

Pre-agreed transactions

 

«Method 6-1»

Simple Packages

11:30

13:25

 

«Method      6-2»

Settlement Packages Spot 1

 

11:30

13:25

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.25 so that the clearing of transactions is completed

 

 

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 11:30 to 12:00 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

 

«Method 6-3»

Restoration Packages

11:30                  13:25

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1

 

 

 

 

For the Corporate Bonds and the Bonds of the Newly-Developed Companies Market:

 

Period

Methods of trading

From

To

Pre-session

«Method 2»

NOT VALID

NOT VALID

PAP/V

NOT VALID

Session

«Method 1»

11:30

 

17:20

Transactions at

closing price

«Method 3».  The transactions are carried out at the price of the last transaction of the previous period

NOT VALID

NOT VALID

Pre-agreed transactions

 

«Method 6-1»

Simple Packages

11:30

17:20

 

«Method     6-2»

Settlement Packages Spot 1

 

11:30

13:55

By exemption, on the 3rd day after the transaction covered by Settlement Package Spot 1, the General Manager or his/her Deputy, at his/her sole discretion, may allow the conduct of Settlement Package Spot 1 transaction after 13.55 so that the clearing of transactions is completed

 

 

 

«Method 6-2»

Settlement Packages

Spot 2

Carried out in a special period from 11:30 to 12:00 only the 4th day after the transaction covered by Settlement Package Spot 2 (T+4)

 

 

 

«Method 6-3»

Restoration Packages

11:30                  17:20

The Restoration Packages are carried out until the 5th day after the transaction settled by the money or shares of the Member or with the Settlement Package Spot 1