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CHRISTMAS AND NEW YEAR SERVICE ARRANGEMENTS 20045/20065
This announcement sets out the business days and trading hours for the London Stock Exchange over the Christmas and New Year period 20045/20056.
All times are GMT unless otherwise stated
|Thursday 23 December 2004 |Normal business day |
|Friday 243 December 20054 |Markets close atfrom 12.30 * |
|Saturday 25 December 2004 |Closed all day |
|Sunday 26 December 2004 |Closed all day |
|Monday 276 December 20054 |Closed all day ** **(except DTS market) |
|Tuesday 287 December 20045 |Closed all day ****(except DTS market) |
| | |
|Wednesday 289 December 20054 |Normal business day |
|Thursday 30 29 December 20054 |Normal business day |
|Friday 301 December 20054 |Markets close from at 12.30 * |
|Saturday 1 January 2005 |Closed all day |
|Sunday 2 January 2005 |Closed all day |
|Monday 32 January 20065 |Closed all day **(except DTS market) |
|Tuesday 34 January 20065 |Normal business day |
| | |
* See following sections for details of the service arrangements by market.
** For Dutch Trading TService (“DTS”) this will be a normal business day.
|Friday 24 December 2004 and Wednesday 31 December 2004 |
|Market hours |
|Market hours for the Exchange’s trading services and markets will, unless stated otherwise, commence at their normal scheduled |
|times and will close from 12:30 hours on both days. Accordingly, obligations in respect of mandatory periods (“MPs”) will end |
|at this time. |
| |
|The Exchange’s Dutch Trading Service will commence at the normal scheduled time and will close from 13:00. |
|Exceptions |
|For those services where the home market of the underlying instrument is closed there is no obligation to enter orders or |
|display quotes at this time. In the case of US securities traded on both the International Retail Service and the covered |
|warrants service, opening will be optional. |
|Closing auction process |
|For securities traded on SETS, SETSmm, the International Order Book and the International Bulletin Board , continuous automatic|
|execution on the order book will cease at 12:30 hours and the closing auction process will commence. Following the closing |
|auction process, orders may be deleted until the close of the order books at 13:00 hours. |
| |
|For securities traded on the Exchange’s Dutch Trading Service the order management period will commence from 12:30. |
| |
|Following the closing auction process, orders may be deleted until the close of the order book at 13:00 hours. |
|Closing prices - covered warrants |
|For covered warrants without automatic order book execution, closing prices will be set at 13:10 hours with eligible orders |
|being entered from 12:55 hours. |
|Trade reporting |
|The trade reporting period will run from 07:15 hours until the trade reporting system closes at 13:15 hours. Transactions |
|executed outside these times should be reported between 07:15 and 07:45 hours on the next available trading day. |
|. |
|Regulatory News Service (RNS) |
|RNS will release announcements between 07:00 hours and 13:30 hours. RNS will continue to accept announcements 24 hours per |
|day. Announcements submitted when markets are closed will be stored and released on the next available business day. |
|Retail Service Provider (RSP) Gateway |
|The RSP Gateway will operate within the same time period as for trade reporting, namely from 07:15 hours until the trade |
|reporting system closes at 13:15 hours. |
Friday 2324 December 20054 and Friday 30Wednesday 31 December 20054
Market hours
Market hours for the Exchange’s trading services and markets will, unless stated otherwise, commence at their normal scheduled times and will close from 12:30 hours on both days. Accordingly, obligations in respect of mandatory periods will end at this time.
The Exchange’s DTS will commence at the normal scheduled time and will close at 13:00 GMT / 14:00 CET.
Exceptions
For those services where the home market of the underlying instrument is closed there is no obligation to enter orders or display quotes at this time. In the case of US securities traded on both the International Retail Service and the Covered Warrants service, opening will be optional.
Trade reporting
The trade reporting period will run from 07:15 hours until the trade reporting system closes at 13:15 hours. Transactions executed outside these times should be reported between 07:15 and 07:45 hours on the next available trading day.
Regulatory News Service (“RNS”)
RNS will release announcements between 07:00 hours and 13:30 hours. Announcements can be submitted 24 hours per day. Any announcement submitted when markets are closed will be stored and released on the next available business day. RNS will release announcements between the hours of 07:00 and 13:30. RNS will continue to accept announcement submissions 24 hours per day. Any announcement submitted outside of RNS release hours will be released on the next available business day.
Retail Service Provider (“RSP”) Gateway
The RSP Gateway will operate within the same time period as for trade reporting, namely from 07:15 hours until the trade reporting system closes at 13:15 hours.
London Market Information Link (“LMIL”) Infolect
The LMIL Infolect service will be available from 05:00 to 202:00 hours.
Johannesburg Securities Exchange (“JSE”)
JSE Christmas arrangements will be communicated by the JSE to their customers and can be found on the JSE website:
Indices
Indices derived solely from UK trading data will cease following closure of the UK markets.
For further information regarding the dissemination of all other indices, please contact FTSE on 020 7866 1810448 1810.
Message retrieval service
The message retrieval service will run from 05:00 to 232:00 hours. Idle polls will be broadcast as normal on all services until the close of operational hours.
Own order book download
The own order book download service will be available from 05:00 to 202:00 hours.
UK Official List
The UK Official List service will be broadcast by 14:00 hours.
SecuritiesEDOL Masterfile (“SMF”)
The SMF telephone enquiries service, 09065 543210, will be available until 13:00 hours.
Market Supervision (“MSU”)
MSU will send a separate service announcement on 234 and 301 December 20054 to confirm that all reference data changes have been completed.
If you have any queries regarding the trading service hours please contact the Market Supervision Helpdesk on 020 7797 3666 or (STX 33666). If you have any other queries please contact your account manager or the Technical Information Desk on 020 7797 3939 (STX 33939).
Service Arrangements for Friday 234th December and Friday 301st December 20054
Domestic Equity Market
The trading schedule for SETS on the two days will be as follows:
|Period nName |Period dDescription |Start Ttime |
| | | |
|OPEN |Trading system open |07:00 |
|POBT |Pre Oorder Bbook Ttrading |07:50 |
|OBT, OT25 * |Order bBook Ttrading |08:00 |
|VWP1,VWA1 * |Order bBook VWAP Ttrading |12:20 |
|VWP2,VWA2 * |Order bBook VWAP Ttrading |12:25 |
|CCAL |Closing Aauction Ccall |12:30 |
|CAUC |Closing aAuction Eexecution |12:35 |
|OBC |Order Bbook cClose |13:00 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration Pperiod |13:16 |
|EOA |End of aAdministration |13:30 |
* Dependaent on the sector.
The trading schedule for SETSmm on the two days will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading system open |07:00 |
|PMMP |Pre order book tradingPre Order Book Trading |07:50 |
|MP10, MP15MP25 * |Order book tradingOrder Book Trading |08:00 |
|MPV1, MPA1MPW1 MTP1, MTP5 **|Order book VWAP tradingMandatory Trading PeriodOrder Book VWAP |12:20 |
| |Trading | |
|MTP2PV2, MPA2MTPPW26 * |Mandatory Trading PeriodOrder book VWAP tradingOrder Book VWAP |12:25 |
| |Trading | |
|CCAL |Closing auction callClosing Auction Call |12:30 |
|CAUC |Closing auction execution Closing Auction Execution |12:35 |
|OBC |Order book closeOrder Book Close |13:00 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
* Dependant Dependent on the sector.
The trading schedule for Exchange Traded Funds will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading System Open |07.:00 |
|PMMP |Pre -Mmandatory Pperiod |07.:50 |
|MP05 |Market mMaker mMandatory pPeriod 05 |08.:00 |
|MPT1 |Mandatory pPeriod Ttrading 1 |12.:20 |
|MPT2 |Mandatory Pperiod Ttrading 2 |12.:25 |
|CCAL |Closing auction callClosing Auction Call |12.:30 |
|CAUC |Closing auction execution Closing Auction |12.:45 |
|OBC |Order book closeOrder Book Close |13.:00 |
|CLOS |Close of trading systemClose of Trading System |13.:15 |
|ADMIN |Administration periodAdministration Period |13.:16 |
|EOA |End of administrationEnd of Administration |13.:30 |
The trading schedule for SEAQ/SEQ1 and , and AIM and CNVE will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system open |07:00 |
|PMQP |Pre mMandatory Qquote Pperiod |07:30 |
|MQP * |Mandatory qQuote Pperiod |08:00 * |
|EMQP |End of mMandatory Qquote Pperiod |12:30 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
* Note the mandatory quote period for convertibles will run from 08:05 to 12:30 hours08:05 for CNVEE.
The trading schedule for SEATS will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading system open |07:00 |
|PMQP |Pre mandatory quote periodPre Mandatory Quote Period |07:30 |
|MQP |Mandatory quote periodMandatory Quote Period |08:00 |
|EMQP |End of mandatory quote periodEnd of Mandatory Quote Period |12:30 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
International Retail Service
The trading schedule for IRS will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading system open |07:00 |
|PMQP |Pre mandatory quote periodPre-Mandatory committed period |07:45 |
|MQP |Mandatory quote periodMandatory committed principal period |Dependant on the sector but no earlier than |
| | |08:15 |
|EMQP |End of mandatory quote periodEnd of Mandatory quote period |Dependant on the sector but no later than |
| | |12:0030 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
NOTE: Quote dDriven US sSecurities, prices will not be applicable as the MQP will not be initiated on a reduced working day.
International Order Book
The trading schedule for IOBIOB and HKOB will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading system open |07:00 |
|POBT |Pre order book tradingPre Order Book Trading |08:50 |
|IOBT, OT25 * |Order book tradingOrder Book Trading |09:00 |
|VWT1, VWA1 * |Volume wWeighted Ttrading 1 |12:00 |
|VWT2, VWA2 * |Volume wWeighted tTrading 2 |12:20 |
|CCAL |Closing auction callClosing Auction Call |12:30 |
|CAUC |Closing auction execution Closing Auction Execution |12:40 |
|OBC |Order book closeOrder Book Close |13:00 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
* Dependeant on the sector.
The Ttrading sSchedule for IOB – Aauction Oonly Ttrading will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading System Open |07.:00 |
|ACCL |Auction cCall |08.:5045 |
|AMH3CH |Action mMatch/oOrder Mmanagement |12.:4000 |
|OBC |Order book closeOrder Book Close |13.:00 |
|CLOS |Close of trading systemClose |13.:15 |
|ADMIN |Administration periodAdministration Period |13.:16 |
|EOA |End of administrationEnd of Administration |13.:30 |
| | | |
The trading schedule for ITBB will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading system open |07:00 |
|POBT |Pre order book tradingPre Order Book Trading |Dependant on the sector but no earlier than |
| | |08:1508:50 |
|IBCT, IBOT, ITBT * |Order book tradingOrder Book Trading |Dependant on the sector but no earlier than |
| | |08:3009:00 |
|VWT1, VWA1, VWPT * |Volume weighted trading 1Volume Weighted Trading |12:00 |
|VWT2, VWA2 * |Volume weighted trading 2Closing Auction Call |12:2030 |
|CCAL |Closing auction callClosing Auction Execution |12:3040 |
|CAUC |Closing auction execution Closing Auction Execution |12:40 |
|OBC |Order book closeOrder Book Close |13:00 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
* Dependeant on the sector.
The trading schedule for ITBB – aAuction Oonly Ttrading will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading System Open |07.00 |
|ACCL |Auction callAuction Call |08.4550 |
|AMH3CH |Auction match/order managementAction Match/Order Management |12.4015 |
|OBC |Order book closeOrder Book Close |13.00 |
|CLOS |Close of trading systemClose |13.15 |
|ADMIN |Administration periodAdministration Period |13.16 |
|EOA |End of administrationEnd of Administration |13.30 |
| | | |
The trading schedule for DTS will be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |Start time |
| | |GMT |CET12.30 |
| | |06.29 |12.31 |
| | |06.30 |12.40 |
| | |08.00 |13.00 |
| | |12.18 |13.15 |
| | |12.20 |13.16 |
| | |12.25 |13.30 |
|OPEN |Trading System Open |06:29 |07:29 |
|POBT |Pre Order Book Trading |06:30 |07:30 |
|OBTR |Order Book Trading |08:00 |09:00 |
|OBK5 |Order Book Trading |12:48 |13:48 |
|OBK6 |Order Book Trading |12:50 |13:50 |
|CCAL |Closing Auction CallClosing Auction |12:55 |13:55 |
|CAUC |Closing Auction ExecutionOrder Management Period |13:00 |14:00 |
|ICPC |Imported Price Auction Call |13:01 |14:01 |
|ICPM |Imported Price Auction Match |13:10 |14:10 |
|OBC |Order Book Close |13:14 |14:14 |
|CLOS |Close |13:15 |14:15 |
|ADMNIN |Administration Period |13:16 |14:16 |
|EOA |End of Administration |13:30 |14:30 |
CoveredCovered WarrantsWarrants
The trading schedule for:
|EOCWTRAK |Other Exotic Covered WarrantsTrackers |
|SP1WYLDE |Structured Product 1 Covered WarrantsYield Enhancements |
|SP2WCAPP |Structured Product 2 Covered WarrantsCapital Protected |
|UKEWCVWT |UK Exotic Covered WarrantsCovered Warrants |
|UKVWCFDS |UK Vanilla Covered WarrantsCFD Securities |
|VOCWREVT |Other Vanilla Covered WarrantsReverse Trackers |
UK Vanilla Covered Warrants (UKVW), UK Exotic Covered Warrants (UKEW), Structured Product 1 (SP1W), Structured Product 2 (SP2W), Other Exotic Covered Warrants (EOCW), Other Vanilla Covered Warrants (VOCW), Structured Products 1 Covered Warrants 500 (SPW2), UK Exotic Covered Warrants 2 (UKE2), UK Vanilla Covered Warrants 2 (UKV2), Other Exotic Covered Warrants 2 (EOW2) and Other Vanilla Covered Warrants 2 (VOW2) willWill be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system open |07:00 |
|PMCP, PCPP* |Pre m-Mandatory committed period |08:05 |
|MCPP, CPMP* |Mandatory committed principal period |08:15 |
|EMCP |End of Mmandatory committed principal quote period |12:30 |
|OBC |Order bBook Cclose |13:00 |
|CLOS |Close of trading systemClose of trading system |13:15 |
|ADMN |Administration pPeriod |13:16 |
|EOA |End of aAdministration |13:30 |
The trading schedule for:
|EOW2 |Other Exotic Covered Warrants 2 |
|SPW1 |Structured Product 1.Covered Warrants.500 |
|SPW2 |Structured Product 2.Covered Warrants.500 |
|UKE2 |UK Exotic Covered Warrants.2 |
|UKV2 |UK Vanilla Covered Warrants.2 |
|VOW2 |Other Vanilla Covered Warrants 2 |
will be as follows:
|Period name |Period description |Start time |
| | | |
|OPEN |Trading system open |07:00 |
|PCPP |Pre mandatory committed period |08:05 |
|CPMP |Mandatory committed principal period |08:15 |
|EMCP |End of mandatory committed principal quote period |12:30 |
|OBC |Order book close |13:00 |
|CLOS |Close of trading system |13:15 |
|ADMN |Administration period |13:16 |
|EOA |End of administration |13:30 |
The trading schedule for:
|EECW |European Exotic Covered Warrants |
|EVCW |European Vanilla Covered Warrants |
*Dependant on the sector.
The trading schedule for European Vanilla Covered Warrants (EVCW), (European Exotic Covered Warrants (EECW), European Exotic Covered Warrants 2 (EEW2) and European Vanilla Covered Warrants 2 (EVW2) Wwill be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading system openTrading system open |07:00 |
|PMCP, PCPP* |Pre mandatory committed periodPre-Mandatory committed period |08:05 |
|MCPP, CPMP* |Mandatory committed principal periodMandatory committed principal|08:15 |
| |period | |
|MCPE, ECPP* |End of mandatory committed principal quote periodEnd of Mandatory|12:00 |
| |commited principal quote period | |
|CWTE |CoveredCovered Wwarrant Ttrading Eend |12:30 |
|OBC |Order book closeOrder Book Close |13:00 |
|CLOS |Close of trading system Close of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
The trading schedule for:
|EEW2 |European Exotic Covered Warrants 2 |
|EVW2 |European Vanilla Covered Warrants 2 |
will be as follows:
|Period name |Period description |Start time |
| | | |
|OPEN |Trading system open |07:00 |
|PCPP |Pre mandatory committed period |08:05 |
|CPMP |Mandatory committed principal period |08:15 |
|ECPP |End of mandatory committed principal quote period |12:00 |
|CWTE |Covered warrant trading end |12:30 |
|OBC |Order book close |13:00 |
|CLOS |Close of trading system |13:15 |
|ADMN |Administration period |13:16 |
|EOA |End of administration |13:30 |
*Dependant on the sector.
NOTE: US Covered Warrants prices will not be applicable as the MCPP will not be initiated on a reduced working day.
The trading schedule for the non execution sectors, EXNX & VANX, will be as follows:
The trading schedule for:
|EXNXOFIN |Off Order Book Investment ProductsExotic Covered Warrants.(no ex). |
|OFLVEVCW |Off Order Book Leveraged ProductsEuropean Vanilla Covered Warrants |
Wwill be as follows:
|Period namePeriod Name |Period descriptionPeriod Description |Start timeStart Time |
| | | |
|OPEN |Trading ssystem oopen |07:00 |
|PCWC |Pre Ccovered Wwarrants Cclosing. Pprice . pPeriod. |12:55 |
|ECWF |EEnd cCovered Wwarrants Cclosing . pPrice. fFrozen. |13:10 |
|OBC |Order book closeOrder Book Close |13:11 |
|CLOS |Close of trading system Close of trading system |13:15 |
|ADMN |Administration periodAdministration Period |13:16 |
|EOA |End of administrationEnd of Administration |13:30 |
NOTE: US Covered Warrants prices will not be applicable as the MCPP will not be initiated on a reduced working day.
Trade Reporting
The trade reporting period for Wednesday 24 December 2003 and Wednesday 31 December 2003 will run from 07:15 to 13:15 hours.
Trading Services - Service Hours
The trading service hours are as follows:
Start Close
SEATS PLUS 07:00 13:15
Own Order Book Download 05:00 20:00
SEAQ 07:00 13:15
SETS 07:00 13:15
IRS 07:00 13:15
IOB 07:00 13:15
Covered Warrants 07:00 13:15
SETSmm 07:00 13:15
ITBB 07:00 13:15
HKOB 07:00 13:15
DTS 07:00 13:15
London Market information Link (LMIL) - Service Hours
The LMIL service hours are as follows:
| |Start |Close |
|LMIL |05:00 |23:00 |
Johannesburg Securities Exchange (JSE)
JSE Christmas arrangements will be communicated by the JSE to their customers and found on the JSE website ().
Indices derived solely from UK trading data will cease following closure of the UK markets.
For further information regarding the dissemination of all other indices, please contact FTSE on 020 7448 1810.
The Message Retrieval service will run from 05:00 to 23:00. Idle polls will be broadcast as normal on all services until the close of operational hours.
The UK Official List service will be broadcast by 14:00 hours.
RNS
RNS will release announcements between 07:00 hours and 13:30 hours.
RNS will continue to accept announcements 24 hours per day.
Announcements submitted when the markets are closed will be stored and released on the next available business day.
Securities Masterfile (SMF)
The SMF telephone enquiries service, 09065 543210, will be available until 13:00 hours.
Market Supervision (MSU)
MSU will send a separate service announcement on 24 and 31 December to confirm that all reference data changes have been completed.
If you have any queries regarding the trading service hours please contact the Market Supervision Helpdesk on 020 7797 3666 or (STX 33666). If you have any other queries please contact your account manager or the Technical Information Desk on 020 7797 3939 (STX 33939).
An archive of previously issued service announcements is available in the technical library section of the Exchange's Internet site ().
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