What is Periodic Matching?
Clause 5 Article 2 of Circular 120/2020/TT-BTC (Effective from February 15, 2021) stipulates periodic matching as follows:
Periodic matching is a trading method executed on the securities trading system based on matching buy and sell orders at a specified point in time.
Additionally, this article also defines the understanding of some related terms as follows:
- Continuous matching is a trading method executed on the securities trading system based on matching buy and sell orders immediately upon their entry into the trading system.
- Concentrated matching method is a trading method executed on the securities trading system based on matching buy and sell orders. The concentrated matching method includes both periodic matching and continuous matching.
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