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  • Article (5)

    • Financial Market

      Financial market orders shall be traded on the following markets:

      1- Regular Market: this market consists of a hybrid and does not allow unique trades such as odd lot or negotiated trades deal.
      2- Whole or Non Market:
      (i) The value of the order shall not be less than BD50,000;
      (ii) It shall be in favour of one person only;
      (iii) A whole or non deal shall not be connected with any deal in the regular market, except for the determination of the tick sizes and trade range;
      (iv) The broker can improve his prices and execute the deal with himself, after notifying the Market Controller, if no other broker offers a bid.
      3- Mutual Funds market.
      4- Bond Market.
      5- Odd-Lot Auction Market: All odd-lot share certificates shall be traded in the odd-lot auction market, subject to the following rules:
      a) All sell and buy orders are whole or non because the odd-lot certificate cannot be broken up.
      b) Special settlement terms and market orders are not allowed in this market.
      c) Brokers may combine odd-lots, whether related or not.
      d) Sell and buy orders shall be traded on the regular market, if the combined odd-lots exceed one board lot.
      e) Sell and buy orders shall be traded on the odd-lot auction market, if the combined odd-lots do not exceed one board lot.