Differences

This shows you the differences between two versions of the page.

--- swissexchange [2017/11/13 12:15] – [Basic Market Rules] maya
+++ swissexchange [2023/02/27 12:24] (current) – [Auction Mechanisms] hammed
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 ====== SIX Swiss Exchange ======
 The SIX Swiss Exchange, based in Zurich, is Switzerland's principal stock exchange. SIX Swiss also trades other securities, such as Swiss government bonds, and derivatives, such as stock options.
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 Currency: Swiss Franc (CHF)
-[[ http://www.six-swiss-exchange.com/shares/trading/trading_hours_en.html | Trading Hours ]]\\
+  * [[ https://www.six-group.com/en/products-services/the-swiss-stock-exchange/trading/trading-provisions/trading-hours.html | Trading Hours ]]
-[[ https://www.six-swiss-exchange.com/funds/trading/trading_and_settlement_calendar_en.html | Trading and Settlement Calendar ]]
+  * [[ https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/news-tools/trading-currency-holiday-calendar.html#/ | Trading and Currency Holiday Calendar ]]
 ==== Order Types ====
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   * Market Buy/Sell→ShortSell
   * Market-On-Close (MOC) Buy/Sell→ShortSell
 ==== Basic Market Rules ====
   * Lot Size: 100 shares.
   * Tick Size: varies, as follows:
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      * 1.5% from a reference price valid within 10 seconds (Avalanche stop)
         * In certain cases, the exchange may adjust these parameters on short notice
-  * To send a Turquoise (TRQS) reserve (iceberg) order, the order value must be over 10,000 EUR. Otherwise, the market will reject the order.
+  * **Note:** as part of pre-trade transparency requirements under the new MiFID II rule, Europe hidden or hidden portion of iceberg (e.g., CHIX-X Bats and Turquoise reserve/dark orders) order must be sent above the Large In Scale (LIS) thresholds as defined by the European Securities and Markets Authority (ESMA). For more information about the MiFID II rules, visit the ESMA official website at https://www.esma.europa.eu/.
-For more information, see the [[http://www.six-swiss-exchange.com/rule_book/01-RB/en/index.html | Rule Book]] page.
+For more information, see the [[https://www.ser-ag.com/dam/downloads/regulation/trading/rule-books/rb-en.pdf | Rule Book]].
 ==== Auction Mechanisms ====
 === Open ===
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 **Order Types:** Limit, Market, and Market-on-Closes orders will be eligible to participate in the close.
-For more information, see the [[http://www.six-swiss-exchange.com/rule_book/01-RB/en/index.html | Rule Book]], [[https://www.six-swiss-exchange.com/participants/trading/ote/sls/matching_rules_en.html | Matching Rules]], and [[ https://www.six-swiss-exchange.com/participants/trading/on_order/functionalities_en.html | On-order-book trading ]] pages.
+For more information, see the [[https://www.ser-ag.com/dam/downloads/regulation/trading/rule-books/rb-en.pdf | Rule Book]] and [[ https://www.six-swiss-exchange.com/participants/trading/on_order/functionalities_en.html | On-order-book trading ]] pages.
 ==== Financial News ===
-  * [[ http://www.thelocal.ch/page/view/money | The Local: Business Section ]]\\
+  * [[ http://www.thelocal.ch/page/view/money | The Local: Business Section ]]
-  * [[ http://www.swissinfo.ch/eng/business | Swiss Info: Business Section ]]\\
+  * [[ http://www.swissinfo.ch/eng/business | Swiss Info: Business Section ]]
 ====Market Data====
-  * [[ http://www.six-swiss-exchange.com/shares/overview_en.html | SIX Swiss Exchange Market Data ]]\\
+  * [[ http://www.six-swiss-exchange.com/shares/overview_en.html | SIX Swiss Exchange Market Data ]]
 ===== See Also =====
-  * [[market_guides|Market Guides]]
+  * [[market_guides|Market Guides]]