• Single price method - In the single price method the members place trading orders in the pre-opening phase, and the price is determined during the auction phase based on the placed trading orders
• Continuous trading method

• Regulated market
  
  For securities organized by the continuous trading method:

  09.30 – 10:00*	Pre-Open
  09:30 – 09:55	Receipt of orders
  09:55 – 10:00	Random period
  10:00	Opening
  10:00 – 13:00	Continuous trading
  13:00	Closing

• Unregulated market
  
  For securities organized by the continuous trading method:

  09.30 – 10:00*	Pre-Open
  09:30 – 09:55	Receipt of orders
  09:55 – 10:00	Random period
  10:00	Opening
  10:00 – 13:00	Continuous trading
  13:00	Closing

  
  
  For securities organized by the single price auction method:

  09.30 – 10:00*	Pre-Open
  09:30 – 11:55	Receipt of orders
  11:55 – 12:00	Random period

*Belgrade time – GMT +1 (Sofia -1)

Fulfils on Т + 3, delivery versus payment (DVP)