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Introduction > Where are stocks traded on exchanges?

When does trading take place on the markets?

  • Orders are automatically processed immediately following acceptance.
  • Orders placed electronically for continuous trading are placed on the market following successful validation in a matter of moments or perhaps a matter of a few minutes.
  • The following periods for accepting orders are when we can guarantee that your validated orders will be sold on the market before the close of the period. Even if you place an order a few minutes before the close of the market, in most cases these will be sold on time.
Market (segment)Type of stockLimit for electronic ordersLimit for other ordersDecisive moment
PSE- SPAD
closing phase
17:15 - 20:00
closing19:4018:0020:00***
closing phase
08:00 - 09:15
closing08:5508:3509:15
opening phase
09:15 - 16:20
closing16:0015:4016:20
PSE - automatic trades
auction mode -
closing phase
08:00 - 09:10
closing08:5008:3009:10
continuous
09:10 - 16:20
opening08:5008:3009:10
continuous
09:10 - 16:20
closing16:0015:4016:20
final auction
16:20 - 16:27
closing16:0015:4016:25 or 16:27
RMS
continuous auction
09:00 - 17:00
opening08:4008:2009:00
continuous auction
09:00 - 17:00
closing16:4016:2017:00
USA****
continuous trading
15:30 - 22:00
opening15:1014:5015:30
continuous trading
15:30 - 22:00
closing21:4021:2022:00
Germany (Xetra)
continuous trading
09:00 - 17:30
opening08:4008:2009:00
continuous trading
09:00 - 17:30
closing17:1016:5017:30
Poland (WSE)
continuous trading
09:00 - 17:30
opening08:4008:2009:00
continuous trading
09:00 - 17:30
closing17:1016:5017:30
Hungary (BÉT)
continuous trading
09:00 - 16:30
opening08:4008:2009:00
continuous trading
09:00 - 16:30
closing16:1015:5016:30
Centrální depozitář cenných papírů, a.s. (CDCP)
Transfer of investment instrument to other depositoryclosing14:4014:2015:00
Other servicesclosing15:4015:2016:00
Cash -withdrawal
Non-cash transfer from available balance on trading account (minimum of CZK 4 million ) to be transferred on Day X must be notified to a branch in person or over the phone on Day X by 10:00 at the latest.

* Upon client request.
** For electronic communication.
*** Upon prior agreement.
**** Central European Time (CET) (table does not include changes for daylight savings).


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