The Douala Stock Exchange will begin its activities with one trading session per week (Wednesday)
The trading system is entirely electronic. Developed by 3V FINANCE (Viel & Cie group), It allows participants to follow the movement of the market in real time and to manage their order book. Investment Service Providers will be in the trading room every day. A computer terminal and telephone line will be available to each of them during the trading session.
The method of determining the daily price is fixing . In order to avoid excessive volatility of prices, the following mechanisms are used.
The amplitude or range of trading is fixed according to instructions from the Stock Exchange It is currently 3%. This range dictates the maximum upward or downward threshold that a given share can record during one trading session.
Spread out or ‘stepped' trading: Also determined by instruction from the Stock Exchange, it lays down rules for the ‘spread out' fluctuations in price
The Stock Exchange is open and ready to receive orders between the hours of 9.00 am and 11.00 am (GMT+1). Fixing will take place at 11.00.
Settling of accounts is flexible but will normally take place 4 days after trading.
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