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warsaw [2017/06/02 11:33] – [Giełda Papierów Wartościowych w Warszawie (Warsaw) and NewConnect] mayawarsaw [2019/11/04 13:55] (current) – [Trading Hours] maya
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 NewConnect is organized and regulated by the Warsaw Stock Exchange, and is home to smaller companies that are not yet large enough to be listed on the Warsaw Stock Exchange.  NewConnect is organized and regulated by the Warsaw Stock Exchange, and is home to smaller companies that are not yet large enough to be listed on the Warsaw Stock Exchange. 
  
-[[https://www.gpw.pl/root_en|Homepage: Warsaw Stock Exchange]]\\ +[[https://www.gpw.pl/en-home|Homepage: Warsaw Stock Exchange]]\\ 
-[[http://www.newconnect.pl/index.php?page=root_en|Homepage: NewConnect]]+[[https://newconnect.pl/en-home|Homepage: NewConnect]]
  
 Currency: PLN (Polish zloty) Currency: PLN (Polish zloty)
  
-[[https://www.gpw.pl/dni_bez_sesji_en|Trading Calendar: Warsaw Stock Exchange]]\\ +[[https://www.gpw.pl/session-details|Session details: GPW]]\\ 
-[[http://www.newconnect.pl/index.php?page=dni_bez_sesji_en| Trading Calendar: NewConnect]]+[[https://newconnect.pl/session-schedule&d| Session schedule: NewConnect]]
  
-[[https://www.gpw.pl/session_schedule_utp|Trading Hours]] 
  
-=====Trading Hours===== +====Order Types====
- +
-^ CET (Local Time) ^ Session ^ +
-|8:30 - 9:00|Opening Call| +
-|9:00|Opening (Auction)| +
-|9:00 - 16:50|Continuous trading| +
-|16:50 - 17:00|Closing Call| +
-|17:00|Closing (Auction)| +
- +
-=====Order Types=====+
  
   * Iceberg Buy/Sell->Short Sell (Day)   * Iceberg Buy/Sell->Short Sell (Day)
   * Limit Buy/Sell->ShortSell (Day/IOC)   * Limit Buy/Sell->ShortSell (Day/IOC)
-  * Market Buy/Sell->ShortSell(Day, MOC)+  * Market Buy/Sell->ShortSell (Day, MOC)
  
-=====Basic Market Rules=====+====Basic Market Rules====
  
-  * Lot Size: 100 shares. +  * Lot Size: 100. 
-  * Tick size: varies by price, as follows:+  * Tick Size: varies by price, as follows:
  
 ^ **Price Range (PLN)** ^ **Tick Size (PLN)** ^ ^ **Price Range (PLN)** ^ **Tick Size (PLN)** ^
-|<=100|0.01|+|%%<=%% 100|0.01|
 |>100|0.05| |>100|0.05|
  
-  * Short Sale Rules: naked short selling is prohibited; locate required.+  * Short Sale Rules: naked short selling is prohibited; locate is required.
   * Circuit breakers: these markets have both Static and Dynamic limits.   * Circuit breakers: these markets have both Static and Dynamic limits.
     * Static limit of +/- 10% of the reference price is allowed. Reference price does not change throughout the day.      * Static limit of +/- 10% of the reference price is allowed. Reference price does not change throughout the day. 
     * Dynamic: for shares in WIG20 index, limit is +/- 3.5%; for shares in mWIG40, limit is +/- 4.5%; for other shares, limit is 6.5%. The treshold for dynamic is taken from the last TOS price.     * Dynamic: for shares in WIG20 index, limit is +/- 3.5%; for shares in mWIG40, limit is +/- 4.5%; for other shares, limit is 6.5%. The treshold for dynamic is taken from the last TOS price.
 +  * **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/.
  
-=====Auction Periods=====+====Auction Periods====
  
 1. **Opening Auction** (08:30 - 09:00) 1. **Opening Auction** (08:30 - 09:00)
   * Limit and Market orders may be entered, amended, and cancelled   * Limit and Market orders may be entered, amended, and cancelled
  
-2. **Closing Auction** (16:50 - 17:00)+2. **Closing Auction** (16:50 - 16:59:45)
   * Limit and Market orders may be entered, amended, and cancelled   * Limit and Market orders may be entered, amended, and cancelled
  
-===== See Also =====+==== See Also ====
   * [[market_guides|Market Guides]]   * [[market_guides|Market Guides]]
warsaw.1496417635.txt.gz · Last modified: 2017/06/02 11:33 by maya