Since February, the BSE moves to the new pricing system
On February 1, the Baku Stock Exchange moves to a new phase of continuous trading. The goal is providing instant transactions for buying and selling securities at the highest market price.
In a press release BSE noted that in case of a performance of the same broker as the seller and the buyer a certain package CB (cross-trade), reports of these applications will be announced in advance for security capabilities to other exchange members bringing more competitive offers. The move, according to experts exchange will contribute to a fair pricing, transparency and protection of investors' interests.
At present, almost all transactions in shares are targeted and are cross-trades. Selling price, exchange-traded shares in 95% of cases, is no different from the nominal value. The investors have no other source of information on the cost of the shares. In many cases, the actual value of shares several times at fixed exchange rates.
In the exchange they believe that the innovation will deepen the stock market and stimulate supply and demand. - 08D-
Economics
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