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Trading

Technology

* Dematerialized;

* Automated;

* Order driven, price-time priority.

Reliability

* Disaster backup;

* Dual-way communication: satellite & lease line;

* Price limits;

* Central clearing.

 

Trading on the Exchange is dematerialized and driven by orders based on price-time priority. A price limit of 10% is imposed for common stocks and 5% for stocks under special treatment.

 

SZSE designs in-house its computer system to cope with tremendous amount of trading orders typical of retailer market. The system has a capacity of 20 million deals in 2,000 securities, compared to the historical peak record of 4 million deals. The SSE upgrades its system on a regular basis to cater to evolving market conditions.

 

The market trades four hours a day and five days a week: 9:30 - 11:30 am; 1:00 - 3:00 pm. T+1 settlement is implemented.

 

On top of 0.1% stamp duty (only for sell-side), floating commission is imposed for both buyers and sellers, with maximum 0.3% of traded value.

  

Trading Process