Tadawul introduces new order system
The Saudi Tadawul market has implemented a new mechanism for executing market orders on the Main Market and Nomu Aim-Quoted Market, aimed at increasing the immediate execution of order volumes and benefiting from higher liquidity levels. The new mechanism allows for executing market orders across multiple price levels within a five-unit price change range, rather than being limited to the best price only. This enhances market efficiency and broadens participation. This update strengthens the market's ability to handle trading orders, especially in light of recent developments in the Saudi financial markets.
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