Are You Aware That There is a New BursaTrade (BT) launching on 1 Dec 2008 ?

Below are some of the changes with the new BursaTrade that will replacing the current one.

1) Pre-opening session 8.30am and 2pm (Opening Auction)
a) No order matching is done
b) Theoretical Opening Price (TOP) based on orders is dynamically calculated, and the last TOP calculated before opening time is set as the natural opening price

2) Opening and continuous trading 9.00am and 2.30pm
a) Market open with the natural opening price which is the last TOP
b) Orders are matched real time based on price-time priority
c) Opening price and quantity of orders matches are broadcast
d) After Opening Auction, system automatically moves to continuous trading phase
e) 5 best price limits are displayed

3) Pre closing 12.15pm and 4.45pm
a) Starts immediately after end of continuous trading phase
b) Orders are accepted and automatically updated in order book WITHOUT giving rise to trades
c) Theoretical Closing Price(TCP) based on orders entered, is dynamically calculated

4) Closing Session
a) Last opportunity to close position at fixed price
b) In the event of no TCP during the period, the closing price will be the last known traded price

5) Trading at Last Session
a) Orders can be entered and matched at last done price only

6) TOP - Theoretical Opening Price
a) Price at which an instrument would trade if it opens at the moment the price is calculated. TOP is calculated on a real-time basis in Pre-Opening Phase.

7) TCP - Theoretical Closing Price
a) Price at which an instrument would trade if it stops trading at the moment the price is calculated. TOP is calculated on a real-time basis in Pre-Closing/Closing Phase.

8) TLA – Trading at Last
a) Orders at TAL will only be entered and matched at the Closing Price. Only Limit orders are allowed and the system will reject any Market Orders.

MORE INFORMATION PLEASE REFER TO www.bursatrade.com

In addition their FAQ is very helpful for newbies http://www.bursatrade.com/guide/faqs.html