December 23, 1997
PSE CIRCULAR NO. 248-97
UPDATED AND CONSOLIDATED TRADING RULES
Attached is the updated trading rules as approved by the Board of Governors and as a result of the consolidation of all recently issued trading rules as of this date. For historical purposes, this consolidated rules is annotated to refer to the original exchange circulars. cdlex
While trading is now fully scripless, the rules on clearing and settlement are still included unchanged to cover the interim period where the old clearing houses still operate. An updated version reflecting an environment that is purely scripless will be issued soon.
For your reference.
(SGD.) RAFAEL L. LLAVE
Chief Operating Officer
TRADING AND SETTLEMENT RULES
Table of Contents
Chapter I. Trading
Article 1. Trading Hours
Article 2. Business Hours
Article 3. Trading Booth
Article 4. Entering and Prioritizing
Article 5. Revisions in Order
Article 6. Types of Orders Acceptable to the System
Article 7. Opening Price Calculation
Article 8. Cross Transactions
Article 9. Special Block Sales
Article 10. Board Lots and Price Fluctuations
Article 11. Odd Lots
Article 12. Limit of Orders
Article 13. Matching of Orders
Article 14. Cancellations of Posted and Done Orders
Article 15. Cancellation of Matched Orders
Article...