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Course of one day stock exchange |
7:15 - 9:00: The pre-openingDuring the pre-opening, all the sale and purchase orders are introduced into the notebooks of commands, in order to establish a price of opening per share.
No transaction can be carried out during this pre-opening.
However, the 5 last minutes which precede the opening by the Bourse de Paris are most important.
Indeed, those make it possible to the large investors to probe the notebook of commands, while placing purchase orders or sales important, to locate the tripping orders of the .
In the measurement, where the investors have at their disposal all the tools allowing an unspecified amendment, some do not hesitate to place important purchase orders over volatile securities (few exchanges), to deceive the small shareholders, and to withdraw their offers at 2 seconds of the opening…
It is preferable to wait at least the first inutes after the opening.
9:00: Opening of the Bourse de Paris
As of the opening of the Bourse de Paris, the notebooks of commands are activated. All the sale and purchase orders, which find the counterpart, are carried out in the immediate future. The others are carried out according to the principle of supply and.
Caution: The markets of the Warrants, and Certificats open 9:05 with 17:30.
It should be noted that on certain small securities, quotations are done on the principle of fixing.
There exist two types of small securities:
- Value with 2 fixings: quotation only twice a day with 10:30 and 16:00
- Value with 1 fixing: quotation only once per day with 15:00
15:30: Opening of the Stock Exchange in the United States
The opening of the American purse has a great influence on the exchange rates of the Bourse de Paris. It is one very important moment in the day out of purse, because the opening of the US markets consolidates or opposite the tendency of the morning in Paris.
If the negotiable instruments of this opening are reduced little by little, thanks to the new tools (future on indices) which make it possible to know the tendency to the opening of the markets, it can however be the element release of abrupt movements.
17:30: Pre-fence of the Paris Bourse
All the notebooks of commands are locked for the fixing of fence.
New confrontation of the notebooks of commands, on the same principle as the pre-opening. This allowing to define closing rates.
No transaction is realizable for this period.It is also time of closing for the derived products (warrants, certificates etc…)
17:35: Enclose Paris Bourse
The purchase orders/sales finding counterpart are carried out during fence.