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.