Unified UAE Legislation Database

ADX Electronic Trading System Guideline

Status

In force

Issuing Authority

Effective date

XX.XX.XXXX

Official Link

https://
Article 1 - Definitions

The following words and expressions shall have the meaning set opposite each of them unless otherwise required for the context:

 

Market: Abu Dhabi Securities Exchange.

 

Board of Director: The Market Board.

 

Electronic trading System: The electronic trading system in use at the Market.

 

Brokerage Company (Broker): A juristic person licensed by Securities and Commodities Authority (SCA) to practice Brokerage activities.

 

Order: Information sent to the Electronic trading System by the order operator, which, minimum, includes Securities code, quantity, and required price, as well as the trading account number of the Investor, and time of entering the order.

 

Buy Order: The order sent to Electronic trading System to buy a certain security.

 

Sell Order: The order sent to Electronic trading System to sell a certain security.

 

Trading Session: The period during which transactions on securities are executed, through entering, modifying or cancelling orders, and executing transactions. Trading sessions are divided into several periods based on these rules.

 

Opening Price: The balance price between offered and ordered qu...