Differences

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

--- warsaw [2017/11/13 12:13] – [Basic Market Rules] maya
+++ warsaw [2019/11/04 13:55] (current) – [Trading Hours] maya
@@ Line 13: / Line 13: @@
 [[https://newconnect.pl/session-schedule&d| Session schedule: NewConnect]]
-====Trading Hours====
-^ CET (Local Time) ^ Session ^
-|8:30 - 9:00|Opening Call|
-|9:00|Opening (Auction)|
-|9:00 - 16:50|Continuous trading|
-|16:50 - 16:59:45|Closing Call|
-|16:59:50|Closing (Auction)|
 ====Order Types====
@@ Line 38: / Line 29: @@
 |>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.
     * 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.
-  * 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/.
 ====Auction Periods====