Transaction Rules Oslo Exchange
Here are the opening hours of markets, the types of orders authorised under the markets, their validity periods, the trading hours. That is to say, all the information you need to invest better!
1° Opening times
The Oslo Exchange is open from 9.00 am till 5.30 pm CET.
The orders are sent to the stock exchange from 8.30 onwards, but remain in "Wait" status until 9 am.
Day orders are cancelled after closing of the market, at 4.30 pm. Orders placed after 4.30 pm are sent to the exchange on the next trading day.
The Oslo Exchange quotes in NOK.
3° Types of orders and quantities allowed
1. Market orders A market order makes it possible to buy or sell shares immediately at the best price available on the market if the quantity of the counterparty is large enough. The non-executed part of a market order remains in the orderbook as a 'market order' (without a limit) and is executed at the price of any new incoming order at the opposite of the orderbook. However, the final price is not guaranteed, especially if there is high activity in the share in question. If you want to place a market order, do leave the "price" field empty. Attention: Market orders can only be entered during the opening hours of the Oslo Exchange. During the closing hours of the market, you must use a limit order.
2. Limit orders A limit order is more precise than a market order as you set a limit price a which you are ready to buy or sell. A limit order gives no guarantee as to execution of the order.
4° Validity of orders
It is possible to determine the validity of your orders :
- Day: Your order will be valid for that day only. If it is not executed, it will be automatically cancelled. In case you entered a dayorder after closure of the stock exchange, your order will be valid the next trading day.
- GTC(Good Till Cancelled): Your order will be valid for 90 days. The orders can be cancelled by you, the stock market or Keytrade Bank.
When a day order gets executed partially, the remaining part of the order will be cancelled after market closing. If you want the remaining part to be executed as well, you will have to enter a new order, for which a full transaction fee will be debited.
When placing a GTC order, the remaining part of the order will remain valid on the market until complete execution or cancellation. You pay only one transaction fee, regardless the number of partial executions. Orders can be cancelled either by you, by the exchange or by Keytrade Bank.
Tick sizes of the market
Remark If you wish to use the revenue of a sell, you must take into account the value date of the generated cash.
Value dates per market:
Euronext (Brussels, Amsterdam, Paris)
London Stock Exchange
OMX (Helsinki, Stockholm, Copenhague)
D+3 (the value date is stipulated by the issuer)
Remark 2 If you enter a limit order, your limit may not diverge too much from the last price. If you don’t respect this rule, your order will be rejected. In the diagram below, you find the authorized deviation compared to the stock price.
|Stock price||authorized deviation|