johannesburgstockexchange
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| johannesburgstockexchange [2017/04/28 13:37] – [Order Types] maya | johannesburgstockexchange [2023/02/27 11:58] (current) – [Financial and Economic News] hammed | ||
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| ====== Johannesburg Stock Exchange (JSE) ====== | ====== Johannesburg Stock Exchange (JSE) ====== | ||
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| JSE Limited is the largest stock exchange in Africa. It is an electronic multi-asset–class platform offering trading, clearing, and settlement of cash equities, equity and agricultural derivatives, | JSE Limited is the largest stock exchange in Africa. It is an electronic multi-asset–class platform offering trading, clearing, and settlement of cash equities, equity and agricultural derivatives, | ||
| - | [[ http:// | + | [[ http:// |
| Currency: South African cents (ZAc) | Currency: South African cents (ZAc) | ||
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| - | **Trading Hours** | ||
| - | |||
| - | ^Time^Session^ | ||
| - | |08:30 - 09: | ||
| - | |09:00 - 16: | ||
| - | |12:00 - 12: | ||
| - | |16:50 - 17: | ||
| - | |17:00 - 17: | ||
| - | |17:05 - 17: | ||
| - | |17:10 - 17:15|EOD Volume Auction Call Session| | ||
| - | |17:15 - 18:15|Post Close Sessions| | ||
| [[ https:// | [[ https:// | ||
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| ===== Trading Summary ===== | ===== Trading Summary ===== | ||
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| The JSE's fully automated electronic trading system is called JSE TradElect. TradElect is operated under licence from the London Stock Exchange. The system was modified to suit the JSE's specific needs. The JSE operates an order-driven, | The JSE's fully automated electronic trading system is called JSE TradElect. TradElect is operated under licence from the London Stock Exchange. The system was modified to suit the JSE's specific needs. The JSE operates an order-driven, | ||
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| * Stop Limit Buy/ | * Stop Limit Buy/ | ||
| + | ==== Basic Market Rules ==== | ||
| - | |||
| - | ==== Basic Market Rules ==== | ||
| * Lot Size: 100 shares. | * Lot Size: 100 shares. | ||
| * Tick Size: min. 1. | * Tick Size: min. 1. | ||
| * Short Sale Rules: short selling is allowed; naked short sells are prohibited. | * Short Sale Rules: short selling is allowed; naked short sells are prohibited. | ||
| - | * Circuit Breakers: JSE has safeguards in place during auction call and continuous trading phases. | + | * Circuit Breakers: JSE has safeguards in place during auction call and continuous trading phases. |
| ==== Auction Mechanisms ==== | ==== Auction Mechanisms ==== | ||
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| === Open === | === Open === | ||
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| * Orders will be matched at the end of auction call | * Orders will be matched at the end of auction call | ||
| - | 3. **Closing Auction Call Session** (16:50 - 17:00) | + | 3. **Closing Auction Call Session** (16:50 - 16:59:45) |
| * Orders may be entered, amended, and cancelled | * Orders may be entered, amended, and cancelled | ||
| * All orders entered will be added to the order book | * All orders entered will be added to the order book | ||
| * Hidden orders may not be entered, amended, or cancelled | * Hidden orders may not be entered, amended, or cancelled | ||
| - | * Orders with GFA (Good For Auction) validity after the intraday auction call will be added the order book | + | * Orders with GFA (Good For Auction) validity after the intraday auction call will be added to the order book |
| * Orders with ATC (At The Close) validity will be added to the order book | * Orders with ATC (At The Close) validity will be added to the order book | ||
| * Orders will not be matched | * Orders will not be matched | ||
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| * New orders may remain unmatched if there are insufficient orders on the contra side | * New orders may remain unmatched if there are insufficient orders on the contra side | ||
| - | **Order Types:** Limit, Market, | + | **Order Types:** Limit and Market orders will be eligible to participate in the uncrossing. |
| ===== Additional Info ===== | ===== Additional Info ===== | ||
| ==== Financial and Economic News === | ==== Financial and Economic News === | ||
| - | [[ http:// | + | * [[ http:// |
| - | [[ http:// | + | |
| - | [[ http:// | + | |
| - | [[ http:// | + | |
| - | [[ http:// | + | |
| - | [[ http:// | + | |
| - | ==== Market Data ==== | + | |
| - | + | ||
| - | [[ http:// | + | |
| ===== See Also ===== | ===== See Also ===== | ||
| * [[market_guides|Market Guides]] | * [[market_guides|Market Guides]] | ||
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johannesburgstockexchange.1493401043.txt.gz · Last modified: 2017/04/28 13:37 by maya