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BVB: Technical specifications regarding extension of price variation limit, effective as of June 15

Bucharest Stock Exchange (BVB) Council approved the technical specifications regarding the extension of the price variation limit, aimed at unblocking the trading when block situations occur for the equities traded on the regulated market, BVB informs in a release.

These measures on the extension of the price variation limit will become effective as of June 15, 2009, only for BET Index member companies.

As such, under extraordinary circumstances likely to significantly influence the price of a financial instrument the BVB General Manager may request the adjustment or suspension of the maximum percentage price variation limit until the price stabilizes.

This measure has been taken by BVB in order to create a flexible trading framework, adapted to the market conditions and which will be applicable to all market participants. The measure allows determining a trading price through clear and transparent methods, under the term of market integrity.

According to BVB, the procedure of extension of price variation limit is integrally automated, and BVB will notify its implementation through messages in BVB system, as well as on its own web site, so that both, participants in the market and investors, will have equal and steady access to information.

 

Sursa: http://www.rompress.ro

Tags: bvb price limit variation extension market bet

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