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Internet Trading

Estimated Time: 
After completing all the necessary procedures.
Location: 
Market Operations/ ICT Operations Division
Estimated Fee: 

    
	
  • The ASE does not impose any fees  on Internet Trading Service, but the brokerage firm is considered as a data vendor and shall pay the ASE for the live data the sum of $ (5), or the equivalent in Jordanian dinars thereof in the Jordanian Dinars monthly for each user.
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  • Fees are paid at the end of every month attached with the users’ report mentioned above.
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1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Enabling Investors to send their buy and sell orders to the Electronic trading System through Internet by using the broker’s infrastructure

Conditions for obtaining service

-Obtaining the necessary approvals from the ASE and the JSC -Meeting all the requirements set forth in Securities Trading Directives via the -Internet, and any other requirements determined by the ASE and the JSC. -Signing an Internet Trading Agreement with the customers who are intrested in this service -Signing a data distribution agreement with the ASE. -Commitment to the technical requirements, and prepare a testing environment in accordance with the ASE requirements.

Notes

None

Partner institutions:

None

Procedures

  • Review the requested application and make sure that all documents and information attached with the application are accurate and complete.
  • Provide the broker with all technical information that enables it to develop the required programs.
  • Conduct the necessary functional and technical tests, along with the security test, in addition of making sure that the broker’s IT infrastructure is suitable to carry out the Internet trading operations.
  • Submit the application to the ASE Board of Directors to approve the requested service after making sure that the broker is ready to provide the service, and all the conditions and requirements are met.
  • Submit the application with all supporting documentation to the JSC to authenticate the request.
  • Approve launching the service and Set the date of its launching.

Required Documents

The service application form that includes the following:

  • Internet Trading Agreement.
  • Risk Disclosure Statement.
  • A written Contingency plan.
  • Detailed diagrams for the internal network at the brokerage firm, which clarify main servers and firewalls in accordance with the ASE requirements.
  • A monthly report of the number of users who receive the real-time data of the ASE.

Persons benefiting from the service

The ASE Members for the purpose of enabling their clients to trade online.

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
  • Execution of block trades excluded from price thresholds
  • 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
  • Transactions to sell securities required upon a court sentence or upon request by relevant official parties

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