Equities

Quotations of equities are made in a continuous trading system or in a single-price system with two auctions. Additionally, for large blocks of securities, so-called block trades outside the public order book are possible. Transactions are executed electronically, via the Exchange computer system. The National Depository for Securities, which settles transactions, also performs operations on securities, for example dividend payments, share splits and bond redemptions. Equity transactions are settled in a T+3 cycle, on the third day after the transaction on a delivery versus payment (DVP) basis.

Shares of all listed companies on the regulated market are classified into one of the following 4 segments: MINUS 5, 5 PLUS, 50 PLUS or 250 PLUS. Companies are classified into MINUS 5, 5 PLUS, 50 PLUS or 250 PLUS according to their capitalisation.

The company's capitalisation is calculated as the arithmetic mean of their capitalisation for the last three months:
• The MINUS 5 segment includes shares of companies with capitalisation up to EUR 5 million;
• The 5 PLUS segment includes shares of companies with capitalisation of EUR 5 to 50 million;
• The 50 PLUS segment includes shares of companies with capitalisation of EUR 50 to 250 billion;
• The 250 PLUS segment includes shares of companies with capitalisation over EUR 250 million.
 

Moreover, shares of companies which have high price volatility, or which are under bankruptcy proceedings may be classified into the ALERT LIST segment and then moved to listing under the single-price auction system.