6.40.7 Late Trade A late trade is a transaction where a member trades after trading hours and where the transaction is - 6.40.7.1 executed by a member acting on behalf of a client, in fulfilment of an order already entered into the JSE equities trading system, and where the counterparty is a foreign professional market participant; or 6.40.7.2 executed by a member for a professional market participant, in fulfilment of an order received prior to the end of the closing auction call session, at a price which can only be established after the closing auction call session; or 6.40.7.3 executed by a member acting on behalf of a professional market participant, in fulfilment of an order received after trading hours, where the counterparty is a foreign professional market participant; or 6.40.7.4 executed by a member as a principal for its own account where the counterparty is a foreign professional market participant. |