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Trading systems of The Prague Stock Exchange (KOBOS, SPAD)

Continuous Trading

The Prague Stock Exchange (PSE) is the leading capital market organizer in the Czech Republic. It applies the so-called membership principle, or more precisely trading on the stock exchange is possible through its members only. Česká spořitelna has a licence of a securities trader, is a member of the stock exchange, and arranges purchases and sales of securities s at PSE. It offers standard trading within Continuous Trading (shares) or Continuous auction (certificates, warrants).

The minimum tradable unit (lot) is 1 piece for all stocks.

Unregulated Market START
Česká spořitelna also arranges purchases and sales of shares on the unregulated market START. Trading in this market takes place only on few trading days per year. Trading has the form of an auction.

The schedule of the trading days and other details you can find on the website of the Prague Stock Exchange:

Trading hours of the Stock Exchange for stocks

8:00 – 8:50 – Pre-trading (placing or cancellation of orders only)
8:50 – 9.00 – Initial (opening) auction
9:00 – 16:20 – Continuous trading
16:20 – 16:30 – Final (closing) auction
16:30 – 17:00 – Post-trading (placing or cancellation of orders only)

You will find detail trading rules at the websites of The Prague Stock Exchange (PSE).


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