Bulgarian Stock Exchange to synchronize trading hours with the international markets

Bulgarian Stock Exchange to synchronize trading hours with the international markets

14/02/2012

The Bulgarian Stock Exchange has announced today a change in its trading timetable. The purpose is to synchronize the exchange’s trading session hours with the European markets and thus fulfilling one of the objectives set in the “BSE Development Strategy until 2012”. Under the plan, the time interval for executing trades on the exchange will be extended.

Prolonged trading sessions will make it possible to cover a wider time range for trading on international exchanges and will concur with the duration of the stock markets in Western Europe and North America. Restructuring the BSE trading sessions is also a prerequisite for introducing new products based on mutual indices, as well as for the possibility to carry out arbitrage in the case of dual listings.

The timetable for the BSE trading session will be as follows:

09:30 – 10:00 Pre-trading
10:00 – 10:10 Opening auction
10:10 – 16:55 Continuous trading
16:55 – 17:00 Closing auction
17:00 – 17:30 Post-trading

As per decision of the Board of Directors of the BSE the new timetable will come into force as of July 2nd, 2012.
The Board considers that extending the trading hours is an important step, which will contribute to attracting a wider investor base, especially on an international scale.