BSP Trading Rules

Post on 19-Feb-2016

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Trading Rules at BSP SouthPool

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1 Definition of Terms .................................................................................................................. 1

2 General Provisions ................................................................................................................... 7

2.1 Products............................................................................................................................ 7

2.2 Transactions ..................................................................................................................... 7

2.3 Orders ............................................................................................................................... 8

2.3.1 Management of Orders ............................................................................................. 8

2.4 Technical Difficulties of an Exchange Participant ............................................................. 9

2.5 Cancellation of Order and Mistrade ............................................................................... 10

2.5.1 Cancellation of Order in Auction Trading ................................................................ 10

2.5.2 Mistrade in Continuous Trading .............................................................................. 10

2.5.3 Mistrade in Submission For Clearing ....................................................................... 11

3 Auction Trading ..................................................................................................................... 13

3.1 Orders in Auction Trading .............................................................................................. 13

3.2 Price Determination (the matching algorithms) ............................................................ 14

4 Continuous Trading ............................................................................................................... 17

4.1 Orders in Continuous Trading ........................................................................................ 17

4.2 Account Types ................................................................................................................ 18

4.3 Trade Limits .................................................................................................................... 18

5 Submission For Clearing ........................................................................................................ 19

5.1 Orders in Submission For Clearing ................................................................................. 19

5.2 Account Types ................................................................................................................ 20

5.3 Trade Limits .................................................................................................................... 20