Introduction
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Where are stocks traded on exchanges?
When does trading take place on the markets?
- Orders are automatically processed immediately following acceptance.
- Orders placed electronically for continuous trading are placed on the market following successful validation in a matter of moments or perhaps a matter of a few minutes.
- The following periods for accepting orders are when we can guarantee that your validated orders will be sold on the market before the close of the period. Even if you place an order a few minutes before the close of the market, in most cases these will be sold on time.
| Market (segment) | Type of stock | Limit for electronic orders | Limit for other orders | Decisive moment |
| PSE- SPAD | ||||
| closing phase 17:15 - 20:00 |
closing | 19:40 | 18:00 | 20:00*** |
| closing phase 08:00 - 09:15 |
closing | 08:55 | 08:35 | 09:15 |
| opening phase 09:15 - 16:20 |
closing | 16:00 | 15:40 | 16:20 |
| PSE - automatic trades | ||||
| auction mode - closing phase 08:00 - 09:10 |
closing | 08:50 | 08:30 | 09:10 |
| continuous 09:10 - 16:20 |
opening | 08:50 | 08:30 | 09:10 |
| continuous 09:10 - 16:20 |
closing | 16:00 | 15:40 | 16:20 |
| final auction 16:20 - 16:27 |
closing | 16:00 | 15:40 | 16:25 or 16:27 |
| RMS | ||||
| continuous auction 09:00 - 17:00 |
opening | 08:40 | 08:20 | 09:00 |
| continuous auction 09:00 - 17:00 |
closing | 16:40 | 16:20 | 17:00 |
| USA**** | ||||
| continuous trading 15:30 - 22:00 |
opening | 15:10 | 14:50 | 15:30 |
| continuous trading 15:30 - 22:00 |
closing | 21:40 | 21:20 | 22:00 |
| Germany (Xetra) | ||||
| continuous trading 09:00 - 17:30 |
opening | 08:40 | 08:20 | 09:00 |
| continuous trading 09:00 - 17:30 |
closing | 17:10 | 16:50 | 17:30 |
| Centrální depozitář cenných papírů, a.s. (CDCP) | ||||
| Transfer of investment instrument to other depository | closing | 14:40 | 14:20 | 15:00 |
| Other services | closing | 15:40 | 15:20 | 16:00 |
| Cash -withdrawal | ||||
| Non-cash transfer from available balance on trading account (minimum of CZK 4 million ) to be transferred on Day X must be notified to a branch in person or over the phone on Day X by 10:00 at the latest. | ||||
* Upon client request.
** For electronic communication.
*** Upon prior agreement.
**** Central European Time (CET) (table does not include changes for daylight savings).
