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.
