Friday May 23 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: China
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39751971.shtml
Shenzhen Stock Exchange (SZSE) officially implemented pricing block trading after trading hour as of 19 May, 2014.
In recent years, in order to adapt to the changes of investors’ needs and the market development, SZSE have researched and improved the block trading system. Following this research, SZSE revised and updated Trading Rules which were then issued last July The new Trading Rules lowered the threshold for block trading, and increased optimised measures such as pricing the block trading after trading hour. Lowering the threshold for block trading has been implemented since last year, while pricing block trading after trading hour has recently been officially implemented after relevant technological preparation had been completed.
According to the source, the recently implemented pricing block trading after trading hour includes two types of pricing categories, i.e., closing price and weighted average price of the day, both of which, offer the market with more transparent pricing mechanism for the block trading. The measure not only caters market participants’ market need of diversified prices of block trading, but also is conducive to institutional investors to pursuing the trading strategy of minimising deviation of tracking the index, thus improves the market trading efficiency.
Click on the above link for further details.