Kaupankäyntivaihe

Kaupankäyntivaihe refers to the trading phase in financial markets. It is the period during which buying and selling orders for securities are executed. This phase follows the pre-trading session and precedes the post-trading session. During the kaupankäyntivaihe, market participants can submit, modify, and cancel orders. The opening and closing prices of a security are typically determined during the initial and final stages of this phase, respectively. Exchange rules and regulations govern the operations within the kaupankäyntivaihe, ensuring fair and orderly trading. Different asset classes, such as stocks, bonds, and derivatives, may have varying trading hours and specific rules for their respective kaupankäyntivaihe. The efficiency and transparency of this phase are crucial for price discovery and liquidity in the market. Market makers and other liquidity providers play a significant role in facilitating trades and narrowing bid-ask spreads during the kaupankäyntivaihe. The volume of transactions and price fluctuations are closely monitored throughout this active trading period.