Directive 3: Trading
 

5 Order and quote

5.1 Definition

1 In accordance with Clause 10.2 Rule Book, an order is a binding offer to buy or sell a certain quantity of one security at an unlimited or limited price.

2 Orders may be entered in or deleted from the orderbook during set periods. All incoming orders shall be assigned a time stamp and an identification number. Amended orders shall lose their original time priority and be given a new time stamp.

3 The quote shall specify the simultaneous entry of one or more limited buy and/or sell orders in a single instruction. It shall remain in the orderbook until it is executed, overwritten or deleted.




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