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30,08%Trading Phases
Trading sessions at the Belgrade Stock Exchange are organized every working day, from Monday to Friday, according to the following schedule:
| Regulated Market | |
|---|---|
| 1. On the Regulated Market segment, trading in shares on the market segments: Prime Listing - Shares and Opet Market - Shares, shall be organized by the continuous trading method with the following duration of regular and special trading phases within the applied fluctuation zone model representing a combination of the AZF and SZF: | |
| REGULAR PHASES | |
| o 9:00 – 9:30 | preopen phase, with sub-phases: |
| 9:00 – 9:25 | order entry |
| 9:25 – 9:30 | random period |
| o 9:30 | opening |
| o 9:30 – 14:00 | continuous trading |
| o 14:00 | closing, or later for the duration of the activated special phase |
| SPECIAL PHASES - which are activated by breaching the SZF | |
| o 10 minutes – preopen extension, with the sub-phases | |
| 8 minutes - extension of order entry | |
| 2 minutes - random period of the extension | |
| o 10 minuta – intraday auction, with the sub-phases | |
| 8 minutes – intraday order entry | |
| 2 minutes – intraday random period | |
| 2. On the Regulated Market segment, trading in debt securities and other financial instruments on the market segment: Prime Listing – Government Bonds - EUR and Prime Listing – Government and Municipal Bonds - RSD, shall be organized by the continuous trading method, with the following duration of regular phases within the applied fluctuation zone model containing only AZF: | |
| REGULAR PHASES | |
| o 9:00 – 9:30 | preopen phase, with sub-phases: |
| 9:00 – 9:25 | order entry |
| 9:25 – 9:30 | random period |
| o 9:30 | opening |
| o 9:30 – 14:00 | continuous trading |
| o 14:00 | closing |
| MTP BELEX |
|
| 1. On the MTP BELEX trading in shares on the market segments: MTP shares shall be organized by the continuous trading method, with the following duration of regular and special trading phases within the applied fluctuation zone model representing a combination of AZF and SZF: | |
| REGULAR PHASES | |
| o 09:00 – 9:30 | preopen phase, with sub-phases: |
| 9:00 – 9:25 | order entry |
| 9:25 – 9:30 | random period |
| o 9:30 | opening |
| o 9:30 – 14:00 | continuous trading |
| o 14:00 | closing, or later for the duration of the activated special phase |
| SPECIAL PHASES - which are activated by breaching the SZF | |
| o 10 minutes – preopening extension, with the sub-phases | |
| 8 minutes - extension of order entry | |
| 2 minutes - random period of the extension | |
| o 10 minutes – intraday auction, with the sub-phases | |
| 8 minutes – intraday order entry | |
| 2 minutes – intraday random period | |
| 2. On the MTP Belex, trading in debt securities and other financial instruments on the market segment MTP Government and Municipal Bonds – RSD shall be organized by the continuous trading method, with the following duration of regular phases within the applied fluctuation zone model containing only AZF: | |
| o 9:00 – 9:30 | preopen phase, with sub-phases |
| 9:00 – 9:25 | order entry |
| 9:25 – 9:30 | random period |
| o 9:30 | opening |
| o 9:30 – 14:00 | continuous trading |
| o 14:00 | closing |
Download: The decision on the phase duration within a particular trading method
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