Bangkok stock exchange hours
Holiday Calendar Trading Hours.
Stock Exchange of Thailand
The SET has two principal methods of trading: Automatic Order Matching AOM and Put-Through PT. Automatic Order Matching AOM trading performs the order matching process according to price, then time, priority, without human intervention.
After brokerage houses electronically send buy or sell orders from their offices to the SET mainframe computer, the CONNECT system queues the orders and arranges them according to a price-then-time priority. This means orders are first grouped according to price, with the best price taking precedence. Then, within each price group, orders are arranged according to time.
Continuous Order Matching procedures operate during the regular trading sessions. The CONNECT continuously matches the first buy and sell orders in the queue, and, at the same time, confirms each executed transaction via the member's broker's terminal. The Auction matching is utilized in calculating the opening and closing prices of a security at the opening and closing of the trading hours.
This method allows brokers to enter their orders to be queued for matching at a specified time at a single price that generates the greatest trading volumes for that particular stock. The counterparties can negotiate off the exchange. Once the deal is concluded, the seller can initiate the put through transaction, which then needs to be verified by the buyer. Once the confirmation process is completed, the buyer will allow that transaction to go to the next process, clearing and settlement.
The opening auction is randomized to occur between 9: The opening for the afternoon session is also randomized to occur between Auction means an auction conducted in a trading platform in respect to qualifying orders to determine the auction price pursuant to the following process:.
The SET's trading systems randomly select the closing time between Therefore, members will have an extra period from At the random closing time, the SET calculates the closing price by the Auction method, which is the same method for determining the opening price in the pre-open session.
From all the valid orders in the system, the closing price will be determined from:. If there is more than one price in 2.
The reference price will always equal the last traded price. If the stock has never traded before, the reference price is an IPO price. If there is no reference price, the highest potential auction price will be chosen.
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Limit and Market DAY orders may be used to participate in the closing auction. For more information, see the Clearing and Settlement System , Trading Hours , and Off-Hours Trading pages. Tools Show pagesource Old revisions Backlinks Recent changes Media Manager Sitemap Login Register. FREE Brochure Find out how to start your own successful trading floor. Table of Contents Stock Exchange of Thailand SET. SET is the primary equities exchange in Thailand.
Thai Bhat THB Holiday Calendar Trading Hours. In terms of matching, there are two methods: Continuous Order Matching and Auction. For stocks priced THB or more for 6 consecutive months, the minimum lot size is 50 shares. Price Range Tick Size lower than 2 Baht 0. For more information, see the Rules Book.
Time to Submit LOO - 9: The closing price is defined by the following closing auction mechanism. Auction means an auction conducted in a trading platform in respect to qualifying orders to determine the auction price pursuant to the following process: Where total volume of bids is greater than total volume of offers at every price level Positive Imbalance , the highest price of the prices in b shall apply.
Where total volume of offers is greater than total volume of bid orders at every price level Negative Imbalance , the lowest price of the prices in b shall apply. Where the total volume of bids is equal to the total volume of offers at every price level, the price closest to the last traded price shall apply.
Where there are both Positive and Negative Imbalances, only two levels of the price at which a Positive Imbalance changes to a Negative Imbalance shall be considered of which the price closest to the last traded price shall be chosen. If all the imbalances are on the buy side, there is a greater demand to buy the security and prices are likely to go up. The higher of the possible limit prices is therefore used as the auction price.
If all the imbalances are on the sell side, there is a greater demand to sell the security and prices are likely to go down. The lower of the possible limit prices is therefore used as the auction price. If the imbalances are on both buy and sell side, select the two prices nearest to the price level where the imbalance changes sign. Among those two prices, the one that closest to the reference price are used as the auction price.
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For each price level, if aggregated buy volume and aggregated sell volume are equal no imbalance , the potential auction price that is closest to the reference price usually the last traded price will be chosen.
For a bid order, the price of the order is the higher of highest bid price plus one tick and highest offer price in the orderbook. For an offer order, the price of the order is the lower of the lowest offer price minus one tick and the lowest bid price in the orderbook. Orders will be matched to the closing price once the random close has been assigned. Bangkok Post Business News. How Much Money Can You Make Running a Trading Floor?
The Stock Exchange of Thailand - Products & Services - Trading Procedure - Equities Trading
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