Trading Phases

Trading sessions at the Belgrade Stock Exchange are organized every working day, from Monday to Friday, according to the following schedule:


Regulated Market and MTP Belex
1. On the Regulated Market and MTP Belex segment, trading in shares shall be organized by the continuous trading method with the following duration of regular and special trading phases within the applied fluctuation zone model representing a combination of the AZF and SZF:
REGULAR PHASES
9:00 – random end: between 9:28 and 9:30 preopen phase, with sub-phases:
        9:00 – 9:25 order entry
        9:25 – random end: between 9:28 and 9:30 random period
random: between 9:28 and 9:30 opening
random start: between 9:28 and 9:30 – 14:00 continuous trading
o 14:00 closing
SPECIAL PHASES
8 minutes intraday (order entry)
   
2. On the Regulated Market and MTP Belex segment, trading in debt securities and other financial instruments shall be organized by the continuous trading method, with the following duration of regular phases within the applied fluctuation zone model containing only AZF:
REGULAR PHASES
9:00 – random end: between 9:28 and 9:30 preopen phase, with sub-phases:
        9:00 – 9:25 order entry
       9:25 – random end: between 9:28 and 9:30 random period
random: between 9:28 and 9:30 opening
random start: between 9:28 and 9:30 – 14:00 continuous trading
o 14:00 closing

 

 

 

Download: The decision on the phase duration within a particular trading method

Value1.259,68
Change-3,08
% -0,24%
19.12.2025. 12:30:42More
EUR/RSD117,3758
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Source NBS, 19.12.2025.
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