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Quotation Methods and Trading Hours

The trading takes place at the trading floor three times a week from 9:30 to 11:00 for shares and corporate bonds, and from Sunday to Thursday for OAT.

Tradings are carried out automatically through an electronic trading system with the method of Fixing.

Quotation at fixing is the application of a single price quoted on all transactions for each security during a trading session.

This price will:

1. Maximize the volumes of the traded shares ;
2. Reduce the imbalance of buyer or seller side. ;
3. Minimize volatility relative to the closing price of the last trading session.

At the end of the session, it is time to carry out transactions on blocks representing the purchase and sell orders on a large number of shares and / or bonds. These transactions must comply with the price quoted in the market.

The course of a trading session is summarized as follows :