BLSE news
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Obavještenje o sprovođenju multilateralne kompenzacije u aprilu 2025. godine
Obavještenje o sprovođenju multilateralne kompenzacije u aprilu 2025. godine
Druga multilateralna kompenzacija u 2025. godini će biti sprovedena 08.04.2025. godine.Registracija učesnika koji se nisu registrovali u dosadašnjim obaveznim multilateralnim kompenzacijama počinje sedam dana prije početka unosa obaveza.Unos obaveza za multilateralnu kompenzaciju počinje 07.04.2025. godine i traje do 08.04.2025. godine[…]
Created on: 31.03.2025 06:35
31.03.2025 06:35 -
Public invitation for subscription and payment of the Republic of Srpska bondsPrimarily Intended for the Population
Public invitation for subscription and payment of the Republic of Srpska bondsPrimarily Intended for the Population
Number: 06.08/020-942/25Date: 19 March 2025Pursuant to Article 33, paragraph 1 of the Law on Borrowing, Debt and Guarantees of the Republic of Srpska (Official Gazette of the Republic of Srpska, 71/12, 52/14, 114/17, 131/20, 28/21 and 90/21), and in accordance[…]
Created on: 20.03.2025 07:49
20.03.2025 07:49 -
Komunalno a.d. Trebinje – Increasing number of shares KMTB-R-A
Komunalno a.d. Trebinje – Increasing number of shares KMTB-R-A
The number of shares (KMTB-R-A) increases by 141,047 shares with a nominal value of 1 BAM.After the increase, the total number of shares was increased to 504.658 shares with a nominal value of 1 BAM.
Created on: 19.03.2025 12:01
19.03.2025 12:01
Types of orders
The types of orders from the point of view of terms, how to execute and display orders that a client can use to trade securities are as follows:
1) Pursuant to prices, orders may be as follows:
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market (M) – the client does not set any limitations regarding the price,
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limited (L) – the client sets the highest acceptable price of the purchase, i.e. the lowest acceptable price of the sale,
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discretionary (D) – the client does not set the price of securities sale or purchase. It is registered within the brokerage trading system at the price of the broker, i.e. when the broker professionally finds the order execution the most suitable for the client pursuant to the situation at the market. It expires on the trading day.
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market into limited (ML) – it is entered as a market order and executed at the best price of the opposite order. If the order cannot be executed completely at the price of the opposite order, the order shall be transformed into a limited order for the rest at the price of its partial execution.
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stop – it includes an additional parameter, the stop price. When the stop price is reached at the market, the order shall be automatically activated as the market order (stop market order SM),e. the limited order (stop limited order "S"), and it shall be execute only if conditions of the market allow it.
Apart from the mandatory elements, orders may include some additional requirements related to the amount, presentation manner and execution time.
2) Pursuant to the special execution requirements:
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all-or-nothing order (A) – it is executed only if it is possible to sell/buy the whole amount from the order. The hidden amount id not allowed.
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minimal-amount-of-all-concluded-deals order (M) – the deal is concluded only with the amount equal or greater than the minimal amount from the order. If the rest is less than the required minimal amount, the order shall be changed in such a way that the minimal amount equals the rest.
These orders may include requirements related to the execution time (daily, opened, up to the certain date).
These orders are marked in a specific way and represented at the market separately from other orders.
3) Pursuant to the representation:
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Order with the hidden amount (H) is an order with the additional requirement which only shows the visible amount at the market while the rest is given in the hidden amount of the order.
The minimal value of the visible amount is BAM5,000, and the total amount in the order is BAM10,000.
4) Pursuant to the execution time:
- daily order (D) – it is valid only on the day of its registration and it is automatically deleted after the trading day expires.
- opened order (OO) (up to the revocation) – it is valid up to the execution at the market, i.e. up to its revocation by the Stock Exchange member who registered it, but up to 180 days from the day of its registration, change or confirmation,
- order valid up to the certain date (dd.mm.yyyy) – it is valid up to its execution or certain date. If the order is not executed up to the defined date or within 180 days from the day of its registration, change or confirmation, BST deletes it automatically.
- order with the range and unexecuted amount removal (IOC) - one entry allows you to purchase or sell securities at different prices up to the defined limit, in which case the unexecuted amount is deleted from the BST. An order with the range and unexecuted amount removal can only be executed when the market is open. Use of other additional conditions is not possible,
- execute-all-or-revoke order (FOK) - one entry allows the purchase or sale of securities at different prices to the defined limit, whereby the order must be executed immediately and completely (in one or more transactions) or not executed at all. The execute-all-or-revoke order is only possible when the market is open. Use of other additional conditions is not possible.
5) Pursuant to the execution:
- Annulment order (revocation of the "OP" order) - an order annuling/canceling the previous order.
