Trading rules
Trading rules: OMX (Stockholm, Helsinki, Copenhagen)
1. Opening times
The Stockholm market is open from 9.00 am till 5.20 pm CET (closing call 5.20 pm until 5.30 pm).
The Helsinki market is open from 9.00 am till 5.20 pm CET (closing call 5.20 pm until 5.30 pm).
The Copenhagen market is open from 9.00 am till 4.50 pm CET (closing call 4.50 pm until 5.00 pm).
The orders are sent to the stock exchange from 8 am onwards, but remain in "Wait" status until 9 am.
Day orders are cancelled after closing of the market, at 5.45 pm. Orders placed after 5.40 pm are sent to the exchange on the next trading day.
2. Currencies
The Stockholm market quotes in SEK.
The Helsinki market quotes in EUR.
The Copenhagen market quotes in DKK
3. Types of orders and quantities allowed
Market orders
A market order makes allows to buy or sell securities at the best price available on the market. It gives no guarantee on the final execution price of the transaction (especially if there is high volatility). If you want to place a market order, do leave the "price" field empty.
Market orders can only be entered during the opening hours of OMX. During the closing hours of the market, you must use a limit order.
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
The order will remain valid for that day only. If it is not executed, it will be automatically cancelled after closing of the market. In case you entered a day order after closing of the stock exchange, your order will be valid the next trading day. - GTC (Good Till Cancelled)
The order will remain valid maximum 1 year. These orders can be cancelled by you, the exchange 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.
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) | D+3 |
| London stock exchange | D+3 |
| Milan | D+3 |
| Xetra (Franckfurt) | D+2 |
| Switzerland | D+3 |
| Madrid | D+3 |
| OMX (Helsinki, Stockholm, Copenhagen) | D+3 |
| US markets | D+3 |
| Canadian markets | D+3 |
| European options | D+1 |
| US options | D+1 |
| Funds | D+3 (the value date is stipulated by the issuer) |
| Bonds | D+3 |
| Currency exchange | D+2 |
