Regular Market and Cash Market
Selling offers and or buying requests that have been entered into JATS NEXT-G are processed by JATS NEXT-G regarding to:

1. Priority price (price priority)

Requests to buy at a higher price have priority over at a lower price, while offers to sell at a lower price have priority over a higher price.

2. Time Priority

If the offer to sell or request to buy is submitted at the same price, JATS NEXT-G gives priority to the request to buy or offer to sell which is submitted first.

Reduction of the number of Stock Securities in JATS NEXT-G both at the bid and at the bid request for the same price level does not result in a loss of time priority. Exchange Transactions in the Regular Market and Cash Market occur and are binding when a selling offer is matched with a purchase request by JATS NEXT-G.

Negotiated Market

Stock trading in the Negotiation Market is carried out through an individual bargaining process (direct negotiation) between:

1. Exchange Member; or

2. Customer through one Exchange Member; or

3. Customers with Exchange Members; or

Further, the results of the bargaining agreement are processed through JATS NEXT-G.

Exchange Members can submit offers to sell and or requests to buy through information display boards (advertising) and can be changed or canceled before the agreement is executed at JATS NEXT-G. The agreement becomes binding when there is an encounter between a sell offer and a buy request on JATS NEXT-G.