{"id":1759,"date":"2025-09-24T16:25:08","date_gmt":"2025-09-24T09:25:08","guid":{"rendered":"https:\/\/sbsc.com.vn\/ho-tro\/upcom-trading-regulations\/"},"modified":"2026-03-10T14:21:19","modified_gmt":"2026-03-10T07:21:19","slug":"upcom-trading-regulations","status":"publish","type":"ho-tro","link":"https:\/\/sbsc.com.vn\/en\/support\/upcom-trading-regulations\/","title":{"rendered":"UPCOM trading regulations"},"content":{"rendered":"<p><strong>1. Trading Hours:<\/strong><\/p>\n<div class=\"bic-table-responsive\"><table style=\"width: 734px;\" width=\"401\">\n<tbody>\n<tr>\n<td style=\"width: 247px;\" width=\"137\">Trading Hours<\/td>\n<td style=\"width: 195px;\" width=\"108\">Order Types<\/td>\n<td style=\"width: 292px;\" width=\"162\">Trading Sessions<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 247px;\" width=\"137\">09h00 \u2013 11h30<\/td>\n<td style=\"width: 195px;\" width=\"108\">\u00a0LO<\/td>\n<td style=\"width: 292px;\" width=\"156\">Continuous Matching I<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 247px;\" width=\"137\">11h30 \u2013 13h00<\/td>\n<td style=\"width: 195px;\" width=\"108\"><\/td>\n<td style=\"width: 292px;\" width=\"156\">Mid-Session Break<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 247px;\" width=\"137\">13h00 \u2013 15h00<\/td>\n<td style=\"width: 195px;\" width=\"108\">LO<\/td>\n<td style=\"width: 292px;\" width=\"156\">Continuous Matching II<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 247px;\" width=\"137\">09h00 \u2013 15h00<\/td>\n<td style=\"width: 195px;\" width=\"108\"><\/td>\n<td style=\"width: 292px;\" width=\"162\">Put-through<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><strong>\u00a02. Order Matching Methods<span style=\"font-family: Arial, 'Times New Roman', 'Bitstream Charter', Times, serif;\">:<\/span><\/strong><\/p>\n<ul>\n<li><strong data-start=\"189\" data-end=\"213\">Continuous Matching:<\/strong><br data-start=\"213\" data-end=\"216\" \/>A trading method whereby buy and sell orders are matched immediately upon entry into the trading system.<\/li>\n<li><strong data-start=\"322\" data-end=\"364\">Negotiated (Put-through) Transactions:<\/strong><br data-start=\"364\" data-end=\"367\" \/>A trading method in which trading members mutually agree on the terms and conditions of the transaction.<\/li>\n<\/ul>\n<p><strong>3. Order Matching Principles<\/strong><\/p>\n<p><strong>Price Priority:<\/strong><\/p>\n<ul>\n<li>Buy orders with\u00a0<strong data-start=\"554\" data-end=\"571\">higher prices<\/strong>\u00a0are executed before those with lower prices.<\/li>\n<li>Sell orders with\u00a0<strong data-start=\"638\" data-end=\"654\">lower prices<\/strong>\u00a0are executed before those with higher prices.<\/li>\n<\/ul>\n<p><strong>Time Priority:<\/strong><\/p>\n<ul>\n<li>Where buy or sell orders have the\u00a0<strong data-start=\"757\" data-end=\"771\">same price<\/strong>, the order\u00a0<strong data-start=\"783\" data-end=\"826\">entered earlier into the trading system<\/strong>\u00a0shall receive execution priority.<\/li>\n<\/ul>\n<p><strong>4. Trading Unit<\/strong><\/p>\n<p><strong data-start=\"894\" data-end=\"911\">Standard lot:<\/strong>\u00a0100 shares.<\/p>\n<p>Odd-lot transactions with volumes from\u00a0<strong data-start=\"1047\" data-end=\"1087\">01 to 99 shares<\/strong>\u00a0may be executed through\u00a0<strong data-start=\"1112\" data-end=\"1162\">continuous matching or negotiated transactions<\/strong>.<\/p>\n<p>No specific <strong data-start=\"228\" data-end=\"256\">trading unit requirement<\/strong> applies to negotiated transactions.<\/p>\n<p>Negotiated transactions and odd-lot transactions <strong data-start=\"343\" data-end=\"496\">are not permitted on the first trading day of newly listed shares or on the first trading day after trading resumes following a suspension of 25 days<\/strong>, until a <strong data-start=\"506\" data-end=\"596\">reference price has been established based on the results of continuous order matching<\/strong>.<\/p>\n<p><strong>5. Price Quotation Unit (Tick Size)<\/strong><\/p>\n<p><strong data-start=\"651\" data-end=\"676\">Tick size for shares:<\/strong> VND <strong data-start=\"681\" data-end=\"688\">100<\/strong>.<\/p>\n<p><strong data-start=\"694\" data-end=\"722\">No tick size requirement<\/strong> applies to <strong data-start=\"734\" data-end=\"771\">bonds and negotiated transactions<\/strong>.<\/p>\n<p><strong>6. Price Fluctuation Limit<\/strong><\/p>\n<p><strong data-start=\"817\" data-end=\"828\">Shares:<\/strong> \u00b1 <strong data-start=\"831\" data-end=\"838\">15%<\/strong>.<\/p>\n<p>For <strong data-start=\"847\" data-end=\"913\">shares newly registered for trading on their first trading day<\/strong>, and <strong data-start=\"919\" data-end=\"1005\">shares that have not recorded any transactions for 25 consecutive trading sessions<\/strong>, the price fluctuation limit on the <strong data-start=\"1042\" data-end=\"1102\">first day of trading or the first day of resumed trading<\/strong> shall be <strong data-start=\"1112\" data-end=\"1152\">\u00b140% compared to the reference price<\/strong>.<\/p>\n<p><strong>7. Reference Price:<\/strong><\/p>\n<p>The <strong data-start=\"1192\" data-end=\"1211\">reference price<\/strong> is determined as the <strong data-start=\"1233\" data-end=\"1368\">weighted average price of transactions executed through the continuous matching method during the most recent preceding trading day<\/strong>.<\/p>\n<p><strong>8. Order Types:<\/strong><\/p>\n<p>The applicable trading order is the <strong data-start=\"1436\" data-end=\"1456\">Limit Order (LO)<\/strong>. A <strong data-start=\"1461\" data-end=\"1481\">Limit Order (LO)<\/strong> remains valid <strong data-start=\"1496\" data-end=\"1626\">from the time it is entered into the trading registration system until it is cancelled or until the end of the trading session<\/strong>.<\/p>\n<p><strong>9. Order Amendment and Cancellation During the Trading Session<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p data-start=\"1706\" data-end=\"1883\">Order amendments (price or quantity) and cancellations <strong data-start=\"1761\" data-end=\"1882\">are only applicable to orders that have not yet been executed or to the unfilled portion of partially executed orders<\/strong>.<\/p>\n<ul data-start=\"1885\" data-end=\"2156\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"1s4g5aj\" data-start=\"1885\" data-end=\"2050\">\n<p data-start=\"1887\" data-end=\"2050\"><strong data-start=\"1887\" data-end=\"1932\">In case of an increase in order quantity:<\/strong><br data-start=\"1932\" data-end=\"1935\" \/>The order\u2019s priority will be <strong data-start=\"1966\" data-end=\"2049\">recalculated from the time the amended order is entered into the trading system<\/strong>.<\/p>\n<\/li>\n<li data-section-id=\"1176eww\" data-start=\"2052\" data-end=\"2156\" data-is-last-node=\"\">\n<p data-start=\"2054\" data-end=\"2156\" data-is-last-node=\"\"><strong data-start=\"2054\" data-end=\"2098\">In case of a decrease in order quantity: <\/strong>The <strong data-start=\"2107\" data-end=\"2152\">original order priority remains unchanged<\/strong>.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"template":"","danh-muc-ho-tro":[213],"class_list":["post-1759","ho-tro","type-ho-tro","status-publish","hentry","danh-muc-ho-tro-trading-regulations"],"acf":[],"yoast_head":"<title>UPCOM trading regulations - SBS Securities Joint Stock Company (SBS)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbsc.com.vn\/en\/support\/upcom-trading-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPCOM trading regulations - SBS Securities Joint Stock Company (SBS)\" \/>\n<meta property=\"og:description\" content=\"1. 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