Extraordinary Situations

In an effort to ensure fair and orderly trading to the greatest extent possible, SWX Europe may intervene by taking appropriate measures. See Directive 6: Extraordinary situations.

Stop trading

Trading in a security will be halted for a period of 5 minutes ("Stop Trading period") if an order is entered which will either:

1. Cause the reference price of the security to move by more than the Stop Trading percentage;
or
2. Cause the reference price of the security to move by more than the Stop Trading percentage within a 10 second period.

During continuous trading the reference price of a security equates to the last traded price. Order entry is still possible during the Stop Trading period.

Stop trading only occurs during continuous trading and does not apply to Exchange Traded Funds or separate lines. For details of the SWX Europe Stop Trading parameters, see the Product Specifications and Trading Organisation table.

Suspension of trading

Trading may be temporarily suspended in individual issues or entire market segments. For the securities involved, no opening will take place.

Handling of mistrades

In the case of an execution that deviates considerably from the current market price and is thus at conflict with the principle of fair and orderly trading, SWX Europe has the right to intervene and nullify the trade. See Directive 8: Handling of Mistrades.