Can CSE halt trading?

Quibit · 1 Can CSE halt trading? Mon Nov 28, 2011 12:52 pm

Quibit

Senior Vice President - Equity Analytics

Posts : 2675
Equity Stars : 11501
Reputation : 380
Join date : 2010-05-08

Can CSE halt Trading if there is more than 5% increase in the ASI?

greedy · 2 Re: Can CSE halt trading? Mon Nov 28, 2011 1:01 pm

greedy

Manager - Equity Analytics

Posts : 280
Equity Stars : 5196
Reputation : 28
Join date : 2011-07-21

I don't think so. The particular circular was about a drop in the market. As per my knowledge, no trade halt for upward movements!!

greedy · 3 Re: Can CSE halt trading? Mon Nov 28, 2011 1:03 pm

greedy

Manager - Equity Analytics

Posts : 280
Equity Stars : 5196
Reputation : 28
Join date : 2011-07-21

This will help....

http://www.cse.lk/static/TradingSessions.htm

Nigel.Machado · 4 Re: Can CSE halt trading? Mon Nov 28, 2011 1:11 pm

Nigel.Machado

Manager - Equity Analytics

Posts : 187
Equity Stars : 5244
Reputation : -1
Join date : 2011-05-25
Age : 32
Location : colombo

Market Halt

In the event the Milanka Price Index (MPI) (or the index that may replace the MPI in the future) drops 5% within the day from the previous market day's close, a "Market Halt" be imposed on all equity securities for a period of 30 minutes. This is effective from 2nd January 2009. Market wide index based circuit breakers are imposed by stock exchanges to halt trading of equity securities in order to provide a "cooling off" period when there is an unusual movement in the index.
Broker Firms may cancel any pending orders during the "Market Halt". However Broker Firms cannot enter new orders or amend pending orders during the "Market Halt".

greedy · 5 Re: Can CSE halt trading? Mon Nov 28, 2011 1:17 pm

greedy

Manager - Equity Analytics

Posts : 280
Equity Stars : 5196
Reputation : 28
Join date : 2011-07-21

The ATS rules also say that ... Trade HAlt can be imposed at the Discretion of CSE too Smile

http://www.cse.lk/270808/pdf/web_ats_rules/ats_rules_and_regulations_section_10_and_11_dissemination_of_market_information_trading_halts.pdf

The market can be halted at the discretion of the CSE during pre-open and regular trading hours. During a market halt the Venue status will be displayed as “HALT”. The CSE can subsequently lift the halt on the market and the market will return to its Venue state prior to imposing the halt.