Trading
Trading is based on automated processing of instructions to
buy and sell investment instruments, meaning that the Prague
Exchange is a so-called electronic exchange.
Trading at the Exchange is allowed only through its
members.
Individual investment instruments admitted for trading on
Exchange markets are further divided into business groups
that designate:
- the method of trading
- determination of
the
price (see the following figure)
| Trading Group |
Instruments included in the
individual groups |
| 1 |
All shares and bonds except for shares traded in
SPAD and issues of certificated shares and bonds |
| 2 |
Certificated shares and bonds |
| 3 |
Selected shares included in SPAD trading |
| 8 |
Investment certificates |
| 9 |
Futures |
| 0 |
Warrants |
Trading
Group |
Opening Auction
Regime |
Continuous
Regime |
SPAD Regime |
Closing Auction Regime |
Block
Trades |
Trades
with Specialist |
Futures
Trades |
| 1 |
yes |
yes (price) |
|
|
yes |
|
|
| 2 |
yes (price) |
|
|
|
yes |
|
|
| 3 |
yes |
yes |
yes |
yes (price) |
yes |
|
|
| 8 |
|
|
|
|
|
yes (price) |
|
| 9 |
|
|
|
|
|
|
yes (price) |
| 0 |
yes |
yes |
|
|
|
yes (price) |
|
Important links: