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Exchange Rules

BSP Rules Exchange Rules v3.0

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EXCHANGE RULES<br />

v3.0<br />

(3) Introduction of Products on the Market shall be made public.<br />

3.9 Orders on the <strong>Exchange</strong><br />

(1) Orders are recorded in the Order Book.<br />

(2) Orders shall be managed in the manner set forth in Trading <strong>Rules</strong>.<br />

(3) Trading <strong>Rules</strong> define in detail at least the following:<br />

• the main parameters of the Orders;<br />

• the types of Orders and restrictions available;<br />

• means of determination of the Position Account that the Order applies to;<br />

• whether there is an option of amending the entered Orders, and in what<br />

elements such a change is permitted.<br />

(4) An Order is deemed entered at the moment corresponding to the time stamp<br />

assigned by the Trading System.<br />

(5) The <strong>Exchange</strong> Participant may withdraw the entered Order only up until the<br />

moment defined in the Trading <strong>Rules</strong>.<br />

(6) An Order is deemed withdrawn at the moment corresponding to the time stamp<br />

assigned by the Trading System of the status change to deleted. The Order is<br />

removed from Order Book and therefore no longer available for matching.<br />

(7) An Order is deemed accepted at the moment corresponding to the time stamp of<br />

conclusion of the Transaction based on the said Order, which simultaneously<br />

receives a status change to accepted. Should some part of total quantity in the<br />

BSP Energy <strong>Exchange</strong> LL C Copyright 2019 All rights reserved<br />

55

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