Trading Phases
Trading sessions at the Belgrade Stock Exchange are organized every working day, from Monday to Friday, according to the following schedule:
| Regulated market | |
|---|---|
| On the regulated market, within the trading session, individual trading sessions for trading in all types of securities are organized by the continuous trading method, with the following duration of trading phases: | |
| o 9:30 – 10:00 | pre-opening phase, with subphases: |
| 9:30 – 9:55 | receipt of orders |
| 9:55 – 10:00 | random period |
| o 10:00 | opening |
| o 10:00 – 13:00 | continuous trading |
| o 13:00 | closing |
| Unregulated market | |
| On the unregulated market, within the trading session, individual trading sessions for trading in: | |
| 1. Debt securities, are organized by the continuous trading method with the following duration of particular phases: | |
| o 9:30 – 10:00 | pre-opening phase, with subphases: |
| 9:30 – 9:55 | receipt of orders |
| 9:55 – 10:00 | random period |
| o 10:00 | opening |
| o 10:00 – 12:00 | continuous trading |
| o 12:00 | closing |
| 2. Shares, are organized by the single price auction method and countinuous trading method. | |
| 2.1 Share trading by the single price auction method is organized with the following duration of particular phases: | |
| o 09:30 – 12:00 | pre-opening phase, with subphases: |
| 09:30 – 11:55 | receipt of orders |
| 11:55 – 12:00 | random period |
| o 12:00 | auction |
| o 12:00 | trading |
| 2.2 Share trading by the continuous trading method is organized with the following duration of particular phases: | |
| o 9:30 – 10:00 | pre-opening phase, with subphases: |
| 9:30 – 9:55 | receipt of orders |
| 9:55 – 10:00 | random period |
| o 10:00 | opening |
| o 10:00 – 13:00 | continuous trading |
| o 13:00 | closing |
Download: The decision on the phase duration within a particular trading method
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