Trading on The Prague
Stock Exchange
Continuous Trading
The Prague Stock Exchange (PSE) is the leading capital market organizer in the Czech Republic. It applies the so-called membership principle, or more precisely trading on the stock exchange is possible through its members only. Česká spořitelna has a licence of a securities trader, is a member of the stock exchange, and arranges purchases and sales of securities s at PSE. It offers standard trading within Continuous Trading (shares traded on the Prime, Standard, Free, and START markets) or Continuous auction (certificates, warrants).
The minimum tradable unit (lot) is set differently for each share (usually 1 share).
- Market
- Limit
- Stop limit
Trading hours of the Stock Exchange for stocks (Prime, Standard, Free and START markets)
- 8:00 – 8:50 – Pre-trading (placing or cancellation of orders only)
- 8:50 – 9.00 – Initial (opening) auction
- 9:00 – 16:10 – Continuous trading
- 16:10 – 16:15 – Final (closing) auction
- 16:15 -16:25 – Trading at closing price
- 16:25 – 17.00 – Post-trading (placing or cancellation of orders only)
You will find detail trading rules at the websites of The Prague Stock Exchange (PSE).
Intraday trading
Immediately after the execution of purchase, it is possible to give an order to sell the bought securities, i.e. to order sale before the trade is settled. It is a so-called BUY/SELL. For trading on PSE, a condition for the execution of BUY/SELL trades is that the client has securities held on the owner's investment account in CDCP. It cannot therefore be used in the case when the client has securities kept in the subsequent records of Česká spořitelna.
Immediately after the execution of securities sale, it is possible to give an order to buy for the money from the sale of the securities. i.e. to use the money for purchase before the trade is settled. It is a so-called SELL/BUY.
Money gained from sale may be withdrawn in cash or noncash only after the settlement, i.e. in T+2.
It is not yet possible to enter intraday trades through George internet banking.
Purchase and Sale of dematerialized Securities
- You should visit a branch of Česká spořitelna to conclude the Agreement on Česká spořitelna IDentity with biometrical method, the Investment services contract and the Monetary Account Agreement.
We will open an asset account in the Česká spořitelna continuous register for you or an owner's account in CDCP and include it under Česká spořitelna.
- The money determined for investing should either be deposited in cash or transferred into the account.
- You enter an order to buy a specific security.
- If the order is satisfied (matched), the securities will be credited to your asset account on the settlement day (two business days after the order is satisfied).
- You enter an order to sell a security.
- If the order is satisfied, the securities will be debited from your asset account and money will be credited to you on the settlement day (two business days after the order is satisfied).
- You should visit a branch of Česká spořitelna to conclude the Agreement on Česká spořitelna IDentity with biometrical method, the Investment services contract and the Monetary Account Agreement.
We will open an asset account in Česká spořitelna continuous register for youor we will include an unclassified asset account under Česká spořitelna, where we will then transfer your securities based on your transfer instruction.
- You enter an order to sell a security.
- If the order is satisfied, the securities will be debited from your asset account and money will be credited to you on the settlement day (two business days after the order is satisfied).
- You should visit a branch of Česká spořitelna to conclude the Agreement on Česká spořitelna IDentity with biometrical method, the Investment services contract and the Monetary Account Agreement.
We will open an asset account in Česká spořitelna continuous register for you or the owner's account in CDCP.
- In Česká spořitelna, you enter an instruction to transfer a security from another trader to Česká spořitelna.
- With the trader through whom your securities are managed in CDCP , you will give an order to transfer securities into the asset account in Česká spořitelna continuous register.
- After settlement of the transfer, you enter an instruction to sell the security in Česká spořitelna.
- If the order is satisfied, the securities will be debited from your asset account and money will be credited to you on the settlement day (two business days after the order is satisfied).
- You should visit a branch of Česká spořitelna to conclude the Agreement on Česká spořitelna IDentity with biometrical method, the Investment services contract and the Monetary Account Agreement.
We will open an asset account in Česká spořitelna continuous register for you or the owner's account in CDCP.
- In Česká spořitelna, you enter an instruction to transfer a security from the RM-System to Česká spořitelna.
- In RM-Systém, you will give an order to transfer securities into the asset account in Česká spořitelna continuous register.
- You enter an order to sell a security.
- If the order is satisfied, the securities will be debited from your asset account and money will be credited to you on the settlement day (two business days after the order is satisfied).
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