The South Pacific Stock Exchange (SPX) is a stock exchange based in Suva, Fiji. On 1 July 2010, the SPX launched an electronic trading platform (ETP). The Exchange now has market phases which allow the brokers to perform tasks throughout a business day. With the electronic system of trading, the price time priority is maintained, but there are two sessions of normal trading hours. The first one is from 10.30am to 11.30am and the second normal session of trading happens from 2.30pm to 3.30pm. This is when the orders may be entered, amended or withdrawn and are matched on entry. There are “pre-open” sessions where brokers can enter, amend or withdraw orders for their clients. The platform goes into enquiry mode after 3.30pm and is only accessible for viewing purposes. Unmatched orders at the end of the day that remain unexecuted are reloaded in the trading platform for the next day. More information...
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