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Allocation. Average Price

Allocation

Reassignment of a trade from the daily account to another account or to various accounts. This does not imply a modification in the trade price and the maximum volume that can be allocated is that of the original trade.

A type "D" operation identifies allocation. The member performs the allocation itself.

Average Price

The Member who wants to allocate trades at an Average Price, must sing up an Ordinary House Account with 0PM nomenclature. This account should have a C@ subaccount in order to allocate long trades and a V@ subaccount in order to allocate short trades.

The average price allocations will be performed by BME CLEARING for the roll-over during the settlement week, by using average price trade type J for the total requested volume amount at the provided price. The destination account for the average price trade will be the Member Daily Account.

 

 

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