REPUBLICAN STOCK EXCHANGE
«TOSHKENT»

Open Price : 1,085
Quoted Price : 1,085
Last transaction : 2019-07-22
Open Price : 16,000
Quoted Price : 16,000
Last transaction : 2019-07-17
Open Price : 1,000
Quoted Price : 1,000
Last transaction : 2019-07-22
Open Price : 25
Quoted Price : 25
Last transaction : 2019-07-19
Open Price : 6,999
Quoted Price : 6,999
Last transaction : 2019-07-18
Open Price : 119.25
Quoted Price : 119.25
Last transaction : 2019-07-18
Open Price : 35,000
Quoted Price : 35,000
Last transaction : 2019-07-19
Open Price : 5,997.99
Quoted Price : 4,900
Last transaction : 2019-07-22
Open Price : 26,000
Quoted Price : 26,000
Last transaction : 2019-07-19
Open Price : 2.95
Quoted Price : 2.95
Last transaction : 2019-07-19
Open Price : 1,609.99
Quoted Price : 1,608
Last transaction : 2019-07-22
Open Price : 5,000
Quoted Price : 5,000
Last transaction : 2019-07-19
Open Price : 15.1
Quoted Price : 16.5
Last transaction : 2019-07-22
Open Price : 13
Quoted Price : 13
Last transaction : 2019-07-22
Open Price : 8,000
Quoted Price : 8,200
Last transaction : 2019-07-22
Open Price : 210
Quoted Price : 210
Last transaction : 2019-07-19
Open Price : 0.9
Quoted Price : 0.9
Last transaction : 2019-07-22
Open Price : 3,300
Quoted Price : 3,300
Last transaction : 2019-07-22

Schedule Application

Order Limit Order An order specifying the issue, quantity, and price
* FAS(Fill And Save) is an order that must be executed immediately, and any portion of the order that cannot be immediately filled is remained (saved).
All markets and boards
STK Main board
STK Nego board
STK NC board
BND Main board
BND Nego board
RPO Main board
FCT Main board
FCT Nego board
Market Order An order specifying the issue and quantity, not the price

The market order shall be deemed to have been placed at any of the following prices
  1. The most recent price, in cases where there are only bid and offer market orders.
    However, when the total quantity of either bid or offer orders on one side is larger than that on the other side, the price shall be each of the following Items:
    • In case where the total quantity of offer market orders is larger, the price that is lower by one order price unit than the most recent price (within the lower price limit)
    • In case where the total quantity of bid market orders is larger, the price that is higher by one order price unit than the most recent price (within the upper price limit).
  2. Cases other than the ones mentioned in Para.(1), the offer market order shall be lowest of the prices specified in following Items
    • The price that is lower by one order price unit than the lowest offer limit order price (within the lower price change limit)
    • The lowest of the bid limit order prices
    • The most recent price.
  3. Cases other than the ones mentioned in Para.(1), the bid market order shall be the highest of the prices specified in following Items
    • The price that is higher by one order price unit than the highest bid limit order price (within the upper price change limit);
    • The highest of the offer limit order prices; and
    • The most recent price.
* FOK(Fill Or Kill) is an order that must be filled in its entirety or cancelled (killed).
** FAK(Fill And Kill) is an order that must be executed immediately, and any portion of the order that cannot be immediately filled is cancelled (killed).
STK Main board

STK Main board
Order execution Auction
  1. The lower offers shall have a priority over higher offers, and higher bids shall have a priority over lower bids.
    However, market orders should have a priority over limit orders in terms of price;
    offer prices of market order and limit order at the lower price limit and bid prices of market order and limit order at the upper price limit shall be deemed to be the same price orders respectively
  2. In the case of the orders with same price and market orders, the orders received earlier shall have priority over the orders received later.
Single Price Single Price Auction
(1) Each of the following prices shall be determined by single price auction
  1. The opening price;
  2. The opening price after reopening the market
  3. The opening price after resuming trades
  4. The price at the market closing.
  5. The opening price after the trade execution methods are changed

Random-End Rule

Random end is a measure to prevent price manipulation by randomly extending an auction session. If the random end is activated, a single-price auction session is randomly extended up to 2 minutes. If random end is not activated, the auction session finishes at exact scheduled time.

Random end is activated based on two prices, (1) reference price, and (2) estimated execution price ("estimated EP") which is being calculated during single-price auction session. During five-minute period before the end of single-price auction session, highest and lowest values of estimated EP are recorded. At the end of single-price auction session, the random end is activated if both of the following conditions are met.
(1) At this moment, recorded highest and lowest estimated EP values are compared against the current estimated EP. To activate the random end, the difference between the recorded highest (or lowest) estimated EP and the current estimated EP must be bigger than 5%.
(2) The current estimated EP is compared against the reference price. To activate the random end, the difference between the current estimated EP and the reference price must be bigger than 1%.

For an instrument that satisfies the above conditions, single-price auction session is finishes at random time within 2 minutes from the exact scheduled time. For example, if random end is activated for stock ABC, the opening single-price auction session for this stock ABC is finishes at random time between 10:00 and 10:02 (10:00 is scheduled time). For the other instruments in which random end is not activated, the single-price auction session finishes at exact 10:00.
STK Main board

FCT Main board
Multiple Price Multiple Price Auction
(1) The prices in the regular session(Continuous Trading, G1, NC), except for those stipulated in each Item of [Single Price Auction], shall be determined by multiple price auction.
(2) In the cases of determining the prices pursuant to Para.(1), the market order shall be deemed to have been quoted at each of the following prices until the total quantity of order is executed:
  1. In the case of an offer market order, the lowest of the prices specified in the following Items:
    • The most recent price when there is no offer limit order.
      In case there are offer limit orders, the price that is lower by one order price unit than the lowest price of offer limit orders (within the lower price limit)
    • The lowest price of bid limit orders.
  2. In the case of a bid market order, the highest of the prices specified in the following Items:
    • The most recent price when there is no bid limit orders.
      In case there are bid limit orders, the price that is higher by one order price unit than the highest price of bid limit orders (within the upper price limit)
    • The highest price of offer limit orders.
(3) The price pursuant to Para.(1) shall, when the highest bid price matches the lowest offer price among the competitive bids and offers, be the price of order received first, and trades between the matching bids and offers shall be executed according to the priority of orders.
All markets and boards

STK Main board

STK NC board

BND Main board

FCT Main board
Nego Negotiated Price The Exchange may execute a trade at a price or repurchase rate which is determined by the negotiation between a party who requests for a order and the other party who places a order in response to the order request during the trading hours of the regular session. STK Nego board

BND Nego board

RPO Nego board

FCT Nego board