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ZSE Market Data Publication Rules
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ZSE Market Data Publication Rules

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Questions and Answers

What is required before making a commercial use of the publication of prices and market data information?

  • Written consent from the ZSE (correct)
  • Public announcement by the ZSE
  • Approval from stockbroking firms
  • No specific requirement
  • What type of information does the ZSE publish to ensure transparency and equity to investors?

  • Historical market trends
  • Specific investor details
  • Daily and periodic price information (correct)
  • Political news affecting stock markets
  • Who is responsible for the accuracy of client order details entered into the ZSEATS system by securities dealing firms?

  • Client placing the order
  • Principal officer of the firm (correct)
  • ZSE administration
  • Stock market regulators
  • What does the ZSE maintain to publish particulars for all listed securities?

    <p>Communication system</p> Signup and view all the answers

    What must a person do before using prices and market data for commercial purposes?

    <p>Obtain consent from the ZSE</p> Signup and view all the answers

    What type of information must securities dealing firms record about client orders?

    <p>Date and time of receipt</p> Signup and view all the answers

    What will be the status displayed during continuous trading?

    <p>Open</p> Signup and view all the answers

    In continuous trading, which order takes precedence over all others based on price?

    <p>The highest bid</p> Signup and view all the answers

    What happens if orders are at the same price during continuous trading?

    <p>The earliest one takes priority</p> Signup and view all the answers

    What is done to incoming orders during continuous trading?

    <p>They are matched with the best opposite order in the order book</p> Signup and view all the answers

    Which price has the highest priority in triggering a buy transaction?

    <p>Lowest sell order price</p> Signup and view all the answers

    How are orders ranked in the order book during continuous trading?

    <p>By time of entry</p> Signup and view all the answers

    What will be the market status displayed as during a market halt?

    <p>MARKET HALT</p> Signup and view all the answers

    Under what conditions will a trading halt be imposed by the Exchange?

    <p>When the Index decreases by more than 8% at the opening of the market compared to its last closing value.</p> Signup and view all the answers

    How long can a market halt last, according to the text?

    <p>15 minutes</p> Signup and view all the answers

    What happens to the trading hours of the market when a market halt occurs?

    <p>They are extended by the time period of the halt.</p> Signup and view all the answers

    In what situation will a market halt not be imposed according to the text?

    <p>When the Index increases by more than 8% during continuous trading compared to its last closing value.</p> Signup and view all the answers

    When do the proposed amendments become effective?

    <p>After SECZ's approval</p> Signup and view all the answers

    Under what circumstance can the ZSE waive compliance with the Rules and Trading Procedures?

    <p>In exceptional situations with SECZ's prior approval</p> Signup and view all the answers

    What allows the SECZ to request documents or information from the ZSE and securities dealing firms?

    <p>SECZ's power under any enactment</p> Signup and view all the answers

    In what circumstances does the ZSE operate on the Equity Board according to the text?

    <p>Operating hours of the ATS for the Equity Board</p> Signup and view all the answers

    When can the proposed amendments become effective without SECZ's approval?

    <p>Immediately after submission</p> Signup and view all the answers

    Under what condition can the ZSE waive compliance with the Rules and Trading Procedures?

    <p>With SECZ's prior approval in exceptional situations</p> Signup and view all the answers

    What happens if the buyer involved in a trade has subsequently sold the securities purchased earlier during the same trading session?

    <p>The trade cannot be cancelled or amended.</p> Signup and view all the answers

    Who initiates a trade cancellation/amendment according to the text?

    <p>The selling securities dealing firm</p> Signup and view all the answers

    What is required for a trade cancellation/amendment to take place according to the text?

    <p>Mutual agreement between the securities dealing firms and approval of the Exchange</p> Signup and view all the answers

    How is a written request for trade cancellation/amendment forwarded to the Exchange according to the text?

    <p>By both parties involved in the trade</p> Signup and view all the answers

    What can be amended in a trade amendment according to the text?

    <p>Volume only</p> Signup and view all the answers

    When is a trade cancellation/amendment effected according to the text?

    <p>On the market day on which the trade took place</p> Signup and view all the answers

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