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The two exchanges merged to form the Hong Kong Stock Exchange in 1947 and re-establish the stock market after the Second World War. Rapid growth of the Hong Kong economy led to the establishment of three other exchanges – the Far East Exchange in 1969; the Kam Ngan Stock Exchange in 1971; and the Kowloon Stock Exchange in 1972.
The closing price is reported as the median of five price snapshots taken from 3:59 to 4:00 pm every 15 seconds. [22] In May 2008, the exchange also implemented a closing auction session to run from 4:00 pm to 4:10 pm, with a similar pricing mechanism as the opening auction; however, this resulted in significant fluctuations in the closing ...
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For stock markets, the closing time is defined by the exchange. For the foreign exchange market , this is until 5 p.m. EST/EDT for all currencies except the New Zealand Dollar . Good-til-cancelled (GTC) orders require a specific cancelling order, which can persist indefinitely (although brokers may set some limits, for example, 90 days).
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Since the 1980s, the open outcry systems have been steadily replaced by electronic trading systems (such as CATS and Globex).. Floor trading is the meeting of traders or stockbrokers at a specific venue referred to as a trading floor or pit to buy and sell financial instruments using open outcry method to communicate with each other.
Nov. 24—RANDOLPH COUNTY — The various raw materials and remaining equipment and other tangible property of Klaussner Furniture Industries Inc. cost the company nearly $19 million but are ...
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