Types of Trades
The types of trades available at the Exchange currently
are Automatic Trades, SPAD Trades, Block Trades.
Automatic Trades – Auction Regime
Trading in the auction regime is based on collecting buy
and sell orders for investment instruments for a fixed time
point. The result of such trading is the determination of an
auction price.
Trading in the continual regime also ties in with trading
in the auction regime.
More information
about Auction Regime
Automatic Trades – Continual Regime
Trading in the continual regime enables conclusion of
transactions based on continually filed buy and sell orders
for investment instruments. Price and time priority apply to
accepted orders.
More
information about Continual Regime
SPAD Trades
SPAD can only be used to realize trading with selected
issues of shares. The purchase and sale prices are
continually identified by the market makers, whose task is
to provide for sufficient liquidity.
More information about SPAD
Block Trades
A block trade means a transaction concluded outside of
the trading system of the Exchange, where at least one of
the parties to the transaction is a member of the Exchange.
The price of the concluded trade is not limited in any way
or tied to the price of the investment instrument.
More information about
Block Trades
Trades with the participation of a
specialist
Trading with the participation of a specialist is
intended for trading of products where it is not possible to
provide for a sufficient number of market makers when
trading in SPAD. This method of trading is currently
intended only for trading with investment certificates and
warrants.
More
information about
Trades with Specialist
Futures Trades
Futures are traded on the same basis as SPAD trading,
meaning that also in this case, market liquidity is ensured
by market makers, whose task is to maintain supply and
demand for assigned futures series.
More information about
Futures Trades