trading guide six swiss exchange.pdf

8/12/2019 Trading Guide SIX Swiss Exchange.pdf

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4/24

rading Period Overview valid as of 7 April 2014

Without Closing Auction With Closing Auction

06:00 CET

until Openingnot applicable Opening until End of Trading not applicable 10 Minutes

End of Trading

until 22:00 CET

not applicable 2 Minutes not applicable None2 Minutes at

Run Auction and Closenot applicable

Day Yes No Yes No Yes No

Immediate or Cancel No No Yes No No No

Fill or Kill No No Yes No No No

At the Open ing Yes No No No No No

At the Clo se Yes No Yes No Yes No

Good for Date Yes No Yes No Yes Yes

Day Yes No Yes No Yes No

Immediate or Cancel No No Yes No No No

Fill or Kill No No Yes No No No

At the Open ing Yes No No No No No

At the Clo se Yes No Yes No Yes No

Yes No Yes No Yes Yes

Day Yes No Yes NoYes

Order expiry after End of TradingNo

Immediate or Cancel No No Order deletion of no execution No No No

Fill or Kill No No Order deletion of no execution No No No

At the Open ing Yes Order expiry if not executed in Opening No No No No

At the Clo se Yes No Yes NoYes

Order expiry if not executed in AuctionNo

Good for Date Yes No Yes No Yes Yes

Day Yes No Yes NoYes

Order expiry after End of TradingNo

Immediate or Cancel No No Order deletion of no execution No No No

Fill or Kill No No Order deletion of no execution No No No

At the Open ing Yes Order expiry if not executed in Opening No No No No

At the Clo se Yes No Yes NoYes

Order expiry if not executed in AuctionNo

Yes No Yes No YesYes

Quotes deleted at End of Business

NoExecutions according to

largest best execution principle

Continuous execution

of orders and quotesNo

During Closing Auction

No

At Run Auction and Close

Executions according

to largest best execution principle.

No

Theoretical Opening Price Opening Price Reference Price Closing Price Closing Price None

NoneDelay Opening

Non Opening

Stop TradingNon Opening

Underlying Condition

None Non Opening None

Yes

Limit to trade on order book

not applicable

Yes

Observe "Limit to trade on order book"

where applicable

Yes


where applicable

Yes


where applicable

Yes


where applicable

Yes

Limit to trade on order book

not applicable

SIX Swiss Exchange L td

Selnaustrasse 30

P.O. Box 1758

CH-8021 Zurich

T +41 58 399 5454

F +41 58 499 2233

www.six-swiss-exchange.com

OrderDeletion&

Expiry

Exceptional Order Book Situations

Off Order Book Reporting

Price Calculation

OTI Orders

QTI Quotes

STI Orders

Executions

OrderEntry

Post TradingPre-Opening Opening Continuous TradingEnd of Trading

Duration

Random Time

STI Orders

QTI Quotes

OTI Orders


5/24

Market Model Overview valid as of 7 April 2014

Market Maker Book

(MMB)

Market Maker Book Fill o r Kill

(MMB-FoK)

rading Segments

Blue Chips

Mid- and Small-Caps

Secondary Listing

Separate Trading Lines

Investment Funds

Rights

Swiss Government Bonds

Other CHF Bonds

Floating Rate Notes

Convertible and Warrant Bonds

Delisted Bonds

Credit Linked Notes

Bond Linked Notes

Exchange Traded Funds

Exchange Traded Structured Funds

Exchange Traded Products

Sponsored Funds

International Bonds

Derivatives (SIX Structured Products Exchange)

International Bonds and CHF Bonds

(with Minimum Denomination

> smallest tradeable unit)

rading Periods

Pre-Opening

Opening

Continuous Trading

End of Trading with or without Closing Auction

Post-Trading

Pre-Opening

Opening

Continuous Trading

End of Trading without Closing Auction

Post-Trading

Pre-Opening

Opening

Continuous Trading


Post-Trading

Pre-Opening

Opening

Continuous Trading


Post-Trading

rading Interruptions

Trading interruption based on

executable orders without quotes in order book

Delay Opening

Stop Trading


non-executable market orders

Non Opening


underlying not trading



executable orders without quotes in order book

Delay Opening

Stop Trading

n Book Matcher - Partition OBM Partition 1 - Equities OBM Partition 2 - Non-Equities OBM Partition 2 - Non-Equities OBM Partition 2 - Non-Equities

terface - Order Types

STI - Orders

CTI - Volatile Orders *

OTI - Volatile Orders

STI - Orders


CTI - Quotes *

QTI - Quotes

STI - Orders


CTI - Quotes *

QTI - Quotes

STI - Orders


CTI - Quotes *

QTI - Quotes

atching Rules Quote Domination Matching Rules Minimum Denomination Matching Rules

CTI will be decommissioned on 31 July 2014

SIX Swiss Exchange Ltd

Selnaustrasse 30

P.O. Box 1758

CH-8021 Zurich

T +41 58 399 5454

F +41 58 499 2233


Central Limit Order Book

(CLOB)

CLOB Matching Rules


the deviation from the reference price

Delay Opening

Stop Trading

Avalanche


non-executable market orders

Non Opening


underlying not trading



6/24


7/24

Trading Hours

Continuous Trading

Closing Auction

Randomised Opening

Randomised Closing

Stop Trading in Opening

Stop Trading

Continuous Trading

Avalanche

Continuous Trading

Non Opening


Limit for duty

to trade on order book

Reporting duty

Reporting Time

Publication

C&S Segment Code

Settlement Cycle

Settlement Eligible

Clearing Eligible

0.01%

independent of market price

0.05%


Maturity< 18 Months

0.01%


0.01%


No Stop Trading

Interruption of 15mins.

if potential follow up price

deviates by 1.00%or more

from the reference price.

CHF Bonds with Maturity > 15 years




from the reference price

CHF 100'000.--

Deferred publication on request for trade reporting.

Published on the following trading daybefore the opening

Deferred publication on request for trade

reporting.

Published on the following trading day before

the opening

Yes

Yes

0.01%


Interruption of 15mins .








from the reference price

NoneInterruption if underlying instrument

is in stop trading

Yes Yes

Interruption if potential follow up price deviates

bymore than the Stop Trading Range from the

reference price within a

10 secondperiod.

Benchmark for Avalanche equal to Stop

Trading Continuous Trading.


reporting.

Published on the following trading daybefore

the opening

Latest before the opening on the next

trading day




10 secondperiod.






10 secondperiod.




trading day


trading day


reporting.


the opening

2 Minutes

09:30 - 09:32 CET

None

2 Minutes

08:30 - 08:32 CET

2 Minutes

09:30 - 09:32 CET

Yes

No Stop Trading

OnExchange

Off

OrderBook

CHF 100'000.--

NoneNone None

A standard round lot is equivalent to the smallest tradeable

denomination.

A standard round lot is equivalent to the

smallest tradeable denomination.


smallest tradeable denomination.Round Lot

No Stop Trading

Yes Yes

Price Increments

Price Steps

TradingInterruptions

CHF 100'000.--


trading day


reporting.


the opening


trading day

Delisted Bonds

SIX Swiss Exchange

None

None



09:30 - 17:00 CET

Regulatory Standard Standard for Bonds

TradingHours

08:30 - 17:00 CET

08:30 - 17:00 CET

Order Book Depth

Market Model

None None

5 5

2 Minutes

09:30 - 09:32 CET

09:30 - 17:00 CET

09:30 - 17:00 CET 09:30 - 17:00 CET09:30 - 17:00 CET

09:30 - 17:00 CET

None


(CLOB)

Standard for Bonds Standard for Bonds

SIX Swiss Exchange

Convertible and Warrant

Bonds

SIX Swiss Exchange

International

Bonds

SIX Swiss Exchange

Schweizer Pfandbriefe

SIX Swiss Exchange

Other

CHF Bonds

Floating

Rate Notes

SIX Swiss Exchange SIX Swiss Exchange


(CLOB)

Market Maker Book - Fill or Kill

(MMB-FoK)



Product Guide - Bond Market

Market Maker Book (MMB)

Market Maker Book - Fill or Kill (MMB-FoK)

5

admitted to trading Standard for Bonds

5

Standard for Bonds


(CLOB)


(CLOB)

Standard for Bonds

Exchange

Bonds of the Swiss

Confederation

55

valid as of 7 April 2014

Credit Linked Notes

Bond Linked Notes

SIX Swiss Exchange

Standard fr Derivate


(CLOB)


(CLOB)

admitted to trading


(CLOB)

5

09:30 - 17:00 CET

09:30 - 17:00 CET

Nein

2 Minutes

09:30 - 09:32 CET

None

None

2 Minutes

09:30 - 09:32 CET

None

09:30 - 17:00 CET

09:30 - 17:00 CET 09:30 - 17:00 CET

09:30 - 17:00 CET

0.01%


5

None



2 Minutes

09:30 - 09:32 CET

A standard round lot is equivalent to the smallest

tradeable denomination.

Yes



None

2 Minutes

09:30 - 09:32 CET

09:30 - 17:00 CET

09:30 - 17:00 CET

Interruption of 5 mins.,


deviates by 10% or more






0.01%


No




10 secondperiod.



0.01%











Volatile Securities Interruption of5 mins.,




0.05%


Maturity< 18 Months

0.01%


Yes

No

None

Yes

Latest before the

opening on the next

trading day

CHF 100'000.--

Interruption for a30 secondsperiod if a trade

between orders

can be executed

but no quote is in the order book.

The stop trading duration can be interrupted as

soon as quotes are posted.

Yes

None

None

Ja

None

CHF 100'000.--

Yes

None

None

Yes


trading day


reporting.


the opening


reporting.


the opening

BONC - Bonds CHF (not cleared) BONC - Bonds CHF (not cleared)

Yes Yes

T + 3




10 secondperiod.



Yes

CHF 100'000.--

Yes

No Stop Trading

None

None

B OCS - Bonds CHF (cl eared byone CCP ) B ONC - Bonds CHF (no t c leared) B OCS B onds CHF - (c leared byone CCP)

Not published

Monthlyaccumulated.

Onlythe volume is published

None

Yes


trading day


Selnaustrasse 30

P.O. Box 1758

CH-8021 Zrich

T +41 58 399 5454

F +41 58 499 2233


Yes No No

T + 3

IBMA - International Bonds (manual)

IBNC - International Bonds (not cleared)BOCS - Bonds CHF (cleared byone CCP) BOCS - Bonds CHF (cleared byone CCP)

Yes

Yes

Yes

T + 3 T + 3 T + 3

Yes Yes Yes Yes Yes

Yes





CHF Bonds with Maturity

> 15 years





Volatile Securities Interruption of5 mins .,




Interruption for a 30 seconds

period if a trade between orders

can be executed


The stop trading duration can be

interrupted as soon as quotes are

posted.

Interruption if potential follow up

price deviates bymore than the

Stop Trading Range from the


10 secondperiod.

Benchmark for Avalanche equal to

Stop Trading Continuous Trading.

No Stop Trading

Securities with a reference price smaller than CHF 10.00 respectively 10%.

Substantial price movements in a security will possibly cause a change in the stop trading category. SIX Swiss Exchange will inform all participants of changes via an SIX Swiss Exchange Message.

Yes

T + 3 T + 3

Yes Yes Yes Yes

Appendix

Counterparty Disclosure

Clearing&Settlement

IBMA: No

IBNC: Yes

No

None

Yes

T + 3

Order TypesNormal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes


8/24

Product Guide - Fund Market and Exchange Traded Products

Trading Hours

Continuous Trading

Closing Auction

Randomised Opening

Randomised Closing

0.01 through 9.99 0.01 0.01 through 49.99 0.01

10.00 through 99.95 0.05 50.00 through 99.95 0.05 0.001 through 4.999 0.001 0.001 through 4.999 0.001 0.001 through 4.999 0.001 0.001 through 4.999 0.001

100.00 through 249.90 0.10 100.00 through 499.90 0.10 5.000 through 19.995 0.005 5.000 through 19.995 0.005 5.000 through 19.995 0.005 5.000 through 19.995 0.005

250.00 through 499.75 0.25 500.00 through 999.50 0.50 20.00 0.01 20.00 0.01 20.00 0.01 20.00 0.01

500.00 through 999.50 0.50 1'000.00 through 4'999.00 1.00

1'000.00 through 4'999.00 1.00 5'000.00 5.00

5'000.00 5.00


Stop Trading

Continuous Trading

Avalanc he

Continuous Trading

Non Opening


Limit for duty


Reporting duty

Reporting Time

Publication

C&S Segment Code

Settlement Cycle

Settlement Eligible

Clearing Eligible

No

Order Book Depth

Round Lot

Price Increments

Price Steps


09:00 - 17:30 CET

09:00 - 17:20 CET

2 Minutes

17:30 - 17:32 CET

Interruption of 15 mins., if potential

follow up price deviates by2.00%or more


Volatile Securities

Interruption of 5 mins., if potential

follow up price deviates by 10%or more



by more than the Stop Trading Range

from the reference price within a 10 secondperiod.

Benchmark for Avalanche equal to

Stop Trading Continuous Trading.

Yes

No

17:20 - 17:30 CET

2 Minutes

09:00 - 09:02 CET

A standard round lot is equivalent to

the smallest tr adeable denomination.

and more

Market ModelMarket Maker Book

(MMB)

5

TradingHours

09:00 - 17:30 CET 09:00 - 17:00 CET

09:00 - 17:30 CET 09:00 - 17:00 CET

None

None None

2 Minutes

09:00 - 09:02 CET

2 Minutes

09:00 - 09:02 CET

10

None

Order Types Normal and Iceberg OrdersNormal Orders

Quotes

Normal Orders

Quotes

5

valid as 7 April 2014


(ETP)Investment Funds

Exchange Traded Funds (ETF)

on Bonds of the Swiss

Confederation

Market Maker Book

(MMB)

Market Maker Book

(MMB)

SIX Swiss Exchange SIX Swiss Exchange SIX Swiss Exchange

Standard for Collective Investment Schemes Standard for Collective Investment Schemes Standard for Exchange Traded Products

Exchange


(CLOB)

SIX Swiss Exchange

Standard for Collective Investment Schemes

Market Maker Book

(MMB)

Regulatory Standard Standard for Collective Investment Schemes

Exchange Traded Structured

Funds (ETSF)

SIX Swiss Exchange


(ETF)

Deferred publication on request based on

ADT Delay

Immediate PublicationImmediate Publication

T + 3

Yes

No

Yes


the smallest tradeable denomination.

Interruption for a 5 minutesperiod if a trade

between orders can be executed


The stop trading duration can be interrupted

as soon as quotes are posted.






T + 3

No Stop Trading

No

Yes Yes

No Stop Trading No Stop Trading





Yes

Yes

None

Yes Yes

OnExchange

OffOrderBook

CHF 200'000.--

3 minutes

Yes

SIX Swiss Exchange L td

Selnaustrasse 30

P.O. Box 1758

CH-8021 Zurich

T +41 58 399 5454

F +41 58 499 2233


Substantial price movements in a security will possibly cause a change in the stop trading category. SIX Swiss Exchange will inform all participants of changes via an SIX Swiss Exchange Message.

Yes

Appendi x

Counterparty Disclosure Yes YesYes

None

3 minutes 3 minutes

Yes

YesNo

T + 3

YesNo

Yes

T + 3


Clearing&

Settlement

ETCS - Exchange Traded Prod (cleared both CCPs) ETCS - Exchange Traded Prod (cleared both CCPs)

T + 3

Yes

Yes Yes Yes

ETCS - Exchange Traded Prod (cleared both CCPs)

T + 3

Yes Yes

SHNC - Shares and Funds (not cleared) ETNC - Exchange Traded Prod (not cleared)

SIX Swiss Exchange

Standard for Sponsored Investment Funds Segment

Market Maker Book

(MMB)

Sponsored Funds

5

09:15 - 17:30 CET

09:15 - 17:30 CET

None

2 Minutes

09:15 - 09:17 CET

Normal Orders

Quotes

Immediate Publication

SFCH - Sponsored Funds - CH (not cleared)

SFLU - Sponsored Funds - LU (not cleared)

Sponsored Funds in JPY

1.00 independend of market price

ETFs in JPY

1.00 independent of market price

ETFs in JPY


ETFs in JPY


ETFs in JPY


and more and more and more and more

None


3 minutes3 minutes


Yes

No No

Interruption for a5 minutes period if a trade





None

and more

No Stop Trading






Normal Orders

Quotes

Normal Orders

Quotes






No Stop Trading

Yes

No

None

Optional

Latest before the opening on the next trading day

5

None None

09:00 - 17:30 CET

09:00 - 17:30 CET09:00 - 17:30 CET

None

2 Minutes

09:00 - 09:02 CET

2 Minutes

09:00 - 09:02 CET

5

09:00 - 17:30 CET


the smallest tr adeable denomination.

None



None


9/24

Product Guide - Derivative Market

Trading Hours

Continuous Trading

Closing Auction

Randomised Opening

Randomised Closing

0.01 through 9.99 0.01 0.01 through 9.99 0.01 0.01 through 9.99 0.01 0.01 through 9.99 0.01 0.01 through 9.99 0.01





1'000.00 through 4'999.00 1.00 1'000.00 through 4'999.00 1.00 1'000.00 through 4'999.00 1.00 1'000.00 through 4'999.00 1.00 1'000.00 through 4'999.00 1.00

5'000.00 and more 5.00 5'000.00 and more 5.00 5'000.00 and more 5.00 5'000.00 and more 5.00 5'000.00 and more 5.00


Stop Trading

Continuous Trading

Avalanc he

Continuous Trading

Non Opening


Limit for duty


Reporting duty

Reporting Time

Publication

C&S Segment Code

Settlement Cycle

Settlement Eligible

Clearing Eligible

09:15 - 17:15 CET

09:15 - 17:15 CET

A standard round lot is equivalent

to the smallest tradeable

denomination.



denomination.

2 Minutes

09:15 - 09:17 CET

2 Minutes

09:15 - 09:17 CET

CHF 100'000.--

Yes

3 minutes3 minutes

CHF 100'000.--

Yes

None



denomination.

Interruption for a30 secondsperiod

if a trade between orders can be executed


The stop trading duration can be interrupted as soon

as quotes are posted.

No Stop Trading

Interruption if underlying intrument

is in stop trading

(only primary listed underlyings)

Yes

09:15 - 17:15 CET

None


is in stop trading


No

No Stop Trading

09:15 - 17:00 CET

Immediate publication

Order TypesNormal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Normal Orders

Quotes

Yes


is in stop trading


1

09:15 - 17:15 CET

None None

None None

09:15 - 17:15 CET09:15 - 17:15 CET

Immediate publication Immediate publication Immediate publicationImmediate publication

Yes

None

Clearing&

Settlement


Appendi x

No

Substantial price movements in a security will possibly cause a change in the stop trading category. SIX Swiss Exchange will inform all participants of changes via an SIX Swiss Exchange message.

Yes Yes Yes Yes Yes Yes

DENC - SIX Structured Products (not cleared) DENC - SIX Structured Products (not cleared) DENC - SIX Structured Products (not cleared)

No No No

Yes Yes

No

T + 3

DENC - SIX Structured Products (not cleared) DENC - SIX Structured Products (not cleared)

Immediate publication

Standard for Derivatives Standard for Derivatives Standard for Derivatives

Yes

No

Yes

Standard for Derivatives

No Stop Trading

0.01%


Interruption for a 30 secondsperiod





Yes Yes

CHF 100'000.--

Yes

No Stop Trading

3 minutes3 minutes

1

Counterparty Disclosure Yes Yes

DENC - SIX Structured Products (not cleared)

1

Market Maker Book

(MMB)

1

Standard for DerivativesRegulatory Standard Standard for Derivatives

Market Model

TradingHours

2 Minutes

09:15 - 09:17 CET

2 Minutes

09:15 - 09:17 CET

09:15 - 17:15 CET

Order Book Depth

Market Maker Book

(MMB)

Market Maker Book

(MMB)

Round Lot

OnExchange

OffOrderBook CHF 100'000.--

3 minutes

Yes

Yes

Market Maker Book

(MMB)

Market Maker Book

(MMB)

1 1

Market Maker Book

(MMB)

valid as of 7 April 2014

Exchange

Warrants on

Equity Securities

Warrants on

Baskets, Indices, Commodities

and Currencies

SIX Struc tured Produc ts Exchange AG SIX Struc tured Produc ts Exchange AG

Interest Rate

Warrants

Warrants on

Swiss Federal Bonds

SIX Structured Products Exchange AG

Structured Product

Bonds

SIX Structured Products Exchange AG

Structured Product

Warrants & Certificates

SIX Structured Products Exchange AG SIX Structured Products Exchange AG

No Stop Trading



denomination.



denomination.

Price Increments

Price Steps

3 minutes

CHF 100'000.--

Yes


is in stop trading


No




The stop trading duration can be interrupted as soon as

quotes are posted.


SIX Structured Products Exchange Ltd

Selnaustrasse 30

P.O. Box 1758

8021 Zrich

T +41 58 399 2100

F +41 58 499 2099

www.six-structured-products.com

09:15 - 17:00 CET

09:15 - 17:15 CET 09:15 - 17:15 CET

None None

CHF 100'000.--

T + 3 T + 3 T + 3 T + 3 T + 3

09:15 - 17:15 CET











2 Minutes

09:15 - 09:17 CET

None None



denomination.

2 Minutes

09:15 - 09:17 CET

None






Yes

No Stop Trading


10/24


11/24

Price Step Overview (Tick Sizes)

Equity Market

0.0001 through 0.4999 0.0001

0.50 through 0.9995 0.0005

1 through 4.999 0.001 0.01 through 9.99 0.01

5 through 9.995 0.005 10.00 through 99.95 0.05

10 through 49.99 0.01 100.00 through 249.90 0.1050 through 99.95 0.05 250.00 through 499.75 0.25

100 through 499.9 0.1 500.00 through 999.50 0.50

500 through 999.5 0.5 1'000.00 through 4'999.00 1.00

1'000 through 4'999 1 5'000.00 and more 5.00

5'000 through 9'995 5

10'000 and more 10

Fund Market and Bond Market

0.01 through 9.99 0.01 0.001 through 4.999 0.001

10.00 through 99.95 0.05 5.00 through 19.995 0.005

100.00 through 249.90 0.10 20.00 and more 0.01

250.00 through 499.75 0.25

500.00 through 999.50 0.50

1'000.00 through 4'999.00 1.00

5'000.00 and more 5.00

0.01 through 49.99 0.01

50.00 through 99.95 0.05

100.00 through 499.90 0.10

500.00 through 999.50 0.501'000.00 through 4'999.00 1.00

5'000.00 and more 5.00

Derivative Market (SIX Structured Products Exchange)

0.01 through 9.99 0.01

10.00 through 99.95 0.05

100.00 through 249.90 0.10

250.00 through 499.75 0.25

500.00 through 999.50 0.50

1'000.00 through 4'999.00 1.00

5'000.00 and more 5.00

0.01%

independent from market price

0.01% independent from market price

Sponsored Funds in JPY


Sponsored Funds

valid as of 1 March 2013


Selnaustrasse 30

P.O. Box 1758

CH-8021 Zurich

T +41 58 399 5454

F +41 58 499 2233


Separate Trading Lines

Blue Chips

Mid- and Small-Caps

Secondary Listing

Rights

Investment Funds


Exchange Traded Structured Funds


Bonds of the Swiss Confederation

Schweizer Pfandbriefe

Floating Rate Notes

International Bonds

Delisted Bonds

Credit and Bond Linked Notes

Other CHF Bonds

Convertible and Warrant Bonds

Structured Products Bonds

Warrants

Structured Product Warrants & Certificates


0.05% independent of market price

Maturity


12/24

Trade Types & Flags valid as of 7 April 2014

Field Value Fix Tag - Field NameAppl icab le

Securities

Transaction

TypeAddi tio nal Com ments

Special Price 828 - TrdType AllOne sided report

Two sided report

Deferred PublicationShares

CHF Bonds

One sided report

Two sided report

Publish Trade AllOne sided report

Two sided report

Off Exchange 829 - TrdSubType AllOne sided report

Two sided report

Tra ns ac ti on Rep or t 50 55 - T ra ns Rep or t All Delivery Report

Both Parties 6577 - Tariff All One sided report

Removed Liquidity All On Order Book

Added Li quidi ty All On Order Book

Aucti on All On Order Book

Do no t Pu bl is h 1390 - Tr ad ePu bl is hIn di cat or International

Bonds

On Order Book

One sided report

Two sided report

SLS 26559 - EntrySource SLS SecuritiesOne sided report

Two sided report

Mistrade All Trade Cancellation

On Behalf All Trade Cancellation

Canc Buy All Cancellation Request CancBuy is specifying that the buy party will be charged the cancellation fee

Canc Sell All Cancellation Request CancSell is specifying that the sell party will be charged the cancella tion fee

Canc Split All Cancellation Request CancSplitl is specifying that the cancellation fee will be spl it between the parties.

Yes 7205 - InternalCross All On Order Book


Selnaustrasse 30

P.O. Box 1758

CH-8021 Zurich

T +41 58 399 5454

F +41 58 499 2233


Trade

Flags

Auction is specifying that both sides of a transaction were executed during a non-continuous trading period.

Trade

Types

Special Price is specifying a trade report whose price differs from the market price at the time of entry

(VWAP, Portfolio-Trades, Counter Trades, Aggregated Orders, Trade reporting after emergency situations)

Internal Cross is specifying a transaction for one and the same beneficial owner.

Nostro-nostro crosstrades are forbidden if buy and sell orders in a single security are entered for the same beneficial owner. The ban shall not cover

simultaneous buy and sell orders for the participant's own account if the participant can prove that individual orders were entered independently of

each other and without any form of agreement in the exchange system. The participant must take steps to avoid forbidden nostro-nostro crosstrades.

OnBehalf is specifying a trade that has been cancelled by SIX Swiss Exchange on behalf of the involved counterparties according to Directive 3:

Trading.

Mistrade is specifying a trade that has been declared null and void and cancelled by SIX Swiss Exchange according to

Directive 4: Market Control.

LN is specifying a trade that has been reported via the SIX Swiss Exchange Liquidnet Service (SLS) undisclosed block trading system at Mid-

point Price.

Added Liquidity is specifying the side of a transaction which has contributed liquidity to the order book.

Removed Liquidity is specifying the side of a transaction which has triggered the transaction in the orderbook.

Both Parties is specifying a one-sided trade report which has been reported to the Exchange in the name of both parties involved

in the transaction.

Do not Publish is specifying a trade report in international bonds that is published on a cumulated monthly basis, aggregated by sector.

Publish Trade is specifying a trade report which is to be published immediately.

Deferred Publication is specifying a trade report

a) with the required minimum volume, depending on the average daily turnover, which is published with a delay;

b) in CHF bonds published before the opening of trading on the following trading day

851 - LastLiquidityInd

277 - TradeCondition

6577 - Tariff

1390 - TradePublishIndicator

Off Exchange is specifying a trade report which is not subject to the provisions of the Rule Book.

Transaction Report is specifying a delivery report which has been reported as a transaction report to the Reporting Office under the Reporting

Office Rules for the Fulfilment of the Legal Reporting Requirements for Securities Dealers


13/24

a b c d

ADT

trading guide six swiss exchange.pdf

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