Securities listed in every segment of ALSE may also be an object of Negotiated Block-Sale. A Block-Sale is an Exchange transaction that is executed based on the provisions and limitations of the value. The minimum value of Block-Sale Trade in ALSE is at the level as determined in the regulatory framework of the Exchange. Block-Sale Trades may be Negotiated or Un-Negotiated.
In case of Negotiated Block-Sale Trades, when the parties in transaction have negotiated for the trading price and quantity, both parties report the trading in ETS System. For these kinds of transactions, apart from the two up-mentioned conditions, the ALSE Members shall fulfill the condition of executing the transaction within dynamic limits of the price, otherwise the transaction is not valid and the ETS System will not permit it.Negotiated Block Transaction will be considered successful when approved by both parties in this transaction and by the supervisors of ALSE Market, which gives the final approval to successful trading.