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Introduction > When does trading take place on the markets?

When does trading take place on the markets?

  • Orders are automatically processed immediately following acceptance.
  • Orders placed electronically for continuous trading are placed on the market following successful validation in a matter of moments or perhaps a matter of a few minutes.
  • The following periods for accepting orders are the times where we can guarantee that your placed orders, which have been successfully validations, will be sold on the market before the close of the period. However, if you place an order a few minutes before the close of the market, in most cases these will be entered on time.
Market (segment)Type of stockLimit for electronic ordersLimit for other ordersDecisive moment
PSE- SPAD
closing phase
17:15 - 20:00
closing19:4018:0020:00**
closing phase
08:00 - 09:15
closing08:5508:3509:15
opening phase
09:15 - 16:20
closing16:0015:4016:20
PSE - automatic trades
auction mode -
closing phase
08:00 - 09:10
closing08:5008:3009:10
continuous
09:10 - 16:20
opening08:5008:3009:10
continuous
09:10 - 16:20
closing16:0015:4016:20
final auction
16:20 - 16:27
closing16:0015:4016:25 or 16:27
RMS
continuous auction
09:00 - 17:00
opening08:4008:2009:00
continuous auction
09:00 - 17:00
closing16:4016:2017:00
USA***
continuous trading
15:30 - 22:00
opening15:1014:5015:30
continuous trading
15:30 - 22:00
closing21:4021:2022:00
Germany (Xetra)
continuous trading
09:00 - 17:30
opening08:4008:2009:00
continuous trading
09:00 - 17:30
closing17:1016:5017:30
Poland (WSE)
continuous trading
09:00 - 17:30
opening08:4008:2009:00
continuous trading
09:00 - 17:30
closing17:1016:5017:30
Hungary (BÉT)
continuous trading
09:00 - 16:30
opening08:4008:2009:00
continuous trading
09:00 - 16:30
closing16:1015:5016:30
Centrální depozitář cenných papírů, a.s. (CDCP)
Transfer of investment instrument to other depositoryclosing14:4014:2015:00
Other servicesclosing15:4015:2016:00
Cash -withdrawal
Non-cash transfer from available balance on trading account to be transferred on D-day must be notified to a branch in person or over the phone on D-day by 10:30 at the latest.

* Upon client request.
** Upon prior agreement.
*** Central European Time (CET) (table does not include changes for daylight savings).

Fio o.c.p., a.s. neručí za prípadné oneskorenia, ktoré budú spôsobené chybou jedného z trhov, technickými problémami v komunikácií s nimi či chybou vo formulácií pokynu zo strany klienta.

Tento Harmonogram prijímania pokynov ruší všetky predchádzajúce a je platný od 01.01.2011.

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