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Contact UsNSES provides a comprehensive suite of trading platforms and market data tools designed for investors at all levels. From professional traders to newcomers, our technology solutions deliver reliable access to markets, real-time data, and powerful analysis capabilities.
All trading activity on listed securities occurs via our Automated Trading System (ATS), which provides a robust and efficient trading environment
The Exchange adopts a hybrid market that provides both a central limit order book as well as platforms for bilateral and multilateral negotiated trading in the form of Requests for Quotes (RFQs). The central limit order book allows trading members and their clients to enter buy and sell orders anonymously where customer trades are executed using the modern trading engine based on a transparent price-time priority mechanism of trade matching. The ATS seamlessly integrates with the CSD that ensures efficient clearing and settlement.
Trading begins with an opening auction. During this phase, buy and sell orders are matched, and the opening price for each security is determined.
Clients place buy and sell orders with their brokerage firms or directly via direct market access facilities. Orders can be market orders (executed at the prevailing market price) or limit orders (executed only at a specified price or better).
The Exchange uses electronic trading systems to match buy and sell orders. Orders are executed based on a price-time priority, meaning the first order at a specific price gets priority.
Once the market opens, continuous trading takes place, with buy and sell orders executed throughout the trading day.
The Exchange utilizes various surveillance mechanisms to monitor trading activity and detect unusual or suspicious behavior. This helps maintain market integrity and prevent market manipulation.
Trading may be halted under certain conditions, such as technical issues, or significant news events. Halts are designed to maintain order and stability in the market.
After trades are executed, the CSD ensures that trades are settled by transferring securities and funds between buyers and sellers.
The Exchange reports executed trades and trade data to participants and the public. This data includes the trade price, volume, and other relevant details.
The Exchange shall open for trading on all business days in Somalia. Trading shall be conducted at specified times as may be determined by the Exchange and it may extend, advance, or reduce trading hours by notifying Trading Members as may be necessary. Unless otherwise specified by the Board of Directors of the Exchange, shall be open for trading from 9:00 to 13:00 EAT, as follows:
| Session | Time |
|---|---|
| Pre-open | 9:00 AM – 9:30 AM |
| Continuous | 9:30 AM – 1:00 PM |
| Close | 1:00 PM |
Trading rules set out specific guidelines and regulations that govern trading activities of trading members. These rules are designed to ensure fairness, transparency, and the orderly functioning of the market while protecting the interests of investors and issuers. The trading members are at all times required to abide by the rules as they contribute to:
Trading rules help maintain order in the market by specifying how orders should be placed, executed, and canceled. They establish guidelines for trading hours, circuit breakers, and trading halts in case of extreme market volatility.
Trading rules are designed to maintain the integrity of the market by preventing fraudulent and manipulative activities. They establish guidelines to prevent market abuse, insider trading, and other illicit practices.
Trading rules promote a level playing field for all market participants, ensuring that no one has an unfair advantage. They help prevent market manipulation and create an environment where investors can trade with confidence.
The rules provide safeguards to protect the interests of investors. They among others require trading members to have certain financial resources and risk management procedures in place to protect clients' assets.
Trading rules incorporate risk management measures to mitigate the potential for excessive market volatility or sudden market crashes. These measures include price limits, circuit breakers, and other types of similar measures.
The rules provide a framework for resolving disputes between market participants.
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