Home Government Entities Government Agencies

Execution of block trades excluded from price thresholds

Estimated Time: 
After completing all the necessary procedures
Location: 
Operations Division
Estimated Fee: 

The ASE does not charge any fee for this service, but trading Commissions for block trades are calculated at either the execution price or the closing price of the relevant security on the execution day, whichever is higher.

1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Entering buy and sell orders of the Block trades into the ETS on behalf of the Broker for the benefit of his clients

Conditions for obtaining service

The ASE Board Of Director approvers the request to exclude a block trade from minimum and maximum price thresholds in any of the following cases:- If the Government or any public institution is a part of such block trades. If the market capitalization of the block trade is not less than five hundred thousand JD 500,000 Any other case approved by the Board of Directors if convinced that the transaction reflects the will of two parties to execute the block trade at the requested price.

Notes

None

Partner institutions:

None

Procedures

  • Submit the exception request to the Board of Directors to take the appropriate decesoin.
  •  The ASE shall notify the involved brokers of the decision, and in case of acceptation, the brokers should execute the block as soon as possible.
  • The broker shall determine the execution date of the Block Trade and provide the ASE with the required documents as it is in the execution date.
  • The ASE enters buy and sell orders into the ETS on behalf of the broker during the specific times set for executing the block trades.

For more information, you can refer to the following link.

Required Documents

  • Each broker should present a written request to the Board of Directors for excluding the block from the allowed price threshold, in addition to all the supporting documents, as follows:
  • Written authorization of the client to buy/sell a security.
  • Buyer/ seller Client identification Notice.
  • Statement of client's (seller) account at the same block execution date that issued by Securities Depository Center.
  • Certificate of registration which includes the names of authorized persons to sign on behalf of the client, if the client is a legal person.
  • Fill the ASE authorization form, to execute the block trade on behalf of the broker, and to be signed and stamped with the official stamp of the brokerage firm.
  • Justifications for excluding the block trade.

Persons benefiting from the service

The ASE Members

Files

No Found Files

Related Services

  • Electronic Archiving System (Ezpublish)
  • Management Information System (MIS)
  • Technical support for Market Watch online program
  • Back-up Trading floor at the ASE
  • Auditing on the Brokerage Firms Systems
  • Amending the the Internet Trading program
  • Trading Stations
  • Inquiry Stations
  • SMS Notification System of the executed orders
  • Changing the Companys Name
  • Membership of the ASE
  • Listing of Government bonds, Treasury Bills and Public Institutions Bonds
  • receiving complaints of investors
  • Public Takeover Bid
  • Online Trading Data Dissemination (Feedshop Program)
  • Disseminating data via Ticker Tape on websites
  • Trading Data Dissemination
  • Trading Data Dissemination via mobile phone
  • Trading Data Dissemination via GL screens
  • Trading Data Dissemination via T.V channels
  • Increasing the Company's Capital through Stock Dividends
  • Training students and those who are interested in Securities at the ASE
  • Receiving Delegations from different parts
  • The preparation of the ASE Newsletter
  • Preparing and updating some Introductory brochures for the ASE
  • Organizing Awareness lectures for those who are interested in securities
  • Index Review
  • Annual report of the ASE
  • Trading Reports and bulletins and general information about the listed companies.
  • Answering the inquiries that are received to the ASE
  • Listing of bonds, Treasury Bills and Government Bonds
  • Filling questionnaires received from Arab and international institutions
  • Updating the ASE information on the WFE, FEAS and AFE
  • Providing the AMF with Trading Data
  • Acquisition of a 100% of a company’s capital
  • Activity of non-Jordanian investment at the ASE
  • Merging companies to form a new company
  • Listing of Corporate Bonds Issued by Public Shareholding Companies
  • Decreasing the Capital of a Company
  • Transferring between markets
  • Listing of Islamic Sukuk
  • Listing of Jordanian- Non- Jordanian Closed Investment Fund
  • Practical Training Program on the Electronic Trading System
  • Following up arbitration request submitted according to Amman Stock Exchange directives for dispute resolution
  • Change the Company’s Symbol / Sector
  • Execution of Block Trades
  • Companies merger when one of them is the merging company and the other is the merged one
  • Capital restructuring
  • Answer the inquiries received from the courts and specialized official parties
  • Increasing Capital by private placement
  • Increasing Capital by Strategic investor or public offering or debt capitalization
  • Internet Trading
  • Transactions to sell securities required upon a court sentence or upon request by relevant official parties

    • Was it useful?