Trading

Electronic Diamond Trading Platform 2019-01-17T16:46:11+00:00

Trading System Demo

 

Trade Matching Rules

SDiX has implemented standard exchange based technology delivered by MarketGrid Systems. The MarketGrid team have extensive experience in the development of matching engines and automated trading systems for global financial markets. They have developed highly evolved next generation architecture, with the fastest commercially available matching engine that provides complete infrastructure for automated trading including execution, clearing, depository, surveillance and regulatory requirements.

SDiX will employ both continuous matching and negotiated matching in our baskets and single stone products.

Continuous Matching

SDiX will establish the first continuous price / time priority matching for the diamond industry parallel to other global commodity exchanges. True price discovery will be achieved through real-time full order book depth and market data available to all participants in real time. Automatic matching occurs at the best prevailing bid or offer.

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Negotiated Matching (Single Stones)

SDiX will provide the trading of single stones through an electronically negotiated market with a customized matching methodology. Order books are presented by classes of diamonds characterized by the 4 C’s with multiple individual stones listed for sale, each identified by its own unique GIA Certificate ID. Execution occurs when buyer and seller match on specific GIA Certificate ID and price.

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Trading Hours

Baskets

Continuous
Open 14:30
Close 18:30

Single Stones

Continuous
Open 14:30 – 18:30

Baskets

Continuous (Daylight Savings)
Open 8:30
Close 12:30
Continuous
Open 7:30
Close 11:30

Single Stones

Continuous (Daylight Savings)
Open 8:30 – 12:30
Continuous
Open 7:30 – 11:30

Baskets

Continuous
Open 10:30
Close 14:30

Single Stones

Continuous
Open 10:30 – 14:30

Baskets

Continuous
Open 14:30
Close 18:30

Single Stones

Continuous
Open 14:30 – 18:30

Baskets

Continuous
Open 8:30
Close 12:30

Single Stones

Continuous
Open 8:30 – 12:30

Baskets

Continuous (Daylight Savings)
Open 7:30
Close 11:30
Continuous
Open 6:30
Close 10:30

Single Stones

Continuous (Daylight Savings)
Open 7:30 – 11:30
Continuous
Open 6:30 – 10:30

Baskets

Continuous
Open 12:00
Close 16:00

Single Stones

Continuous
Open 12:00 – 16:00

Baskets

Continuous (Daylight Savings)
Open 2:30
Close 6:30
Continuous
Open 1:30
Close 5:30

Single Stones

Continuous (Daylight Savings)
Open 2:30 – 6:30
Continuous
Open 1:30 – 5:30

Baskets

Continuous (Daylight Savings)
Open 9:30
Close 13:30
Continuous
Open 8:30
Close 12:30

Single Stones

Continuous (Daylight Savings)
Open 9:30 – 13:30
Continuous
Open 8:30 – 12:30

Baskets

Session One
Open 15:30
Close 19:30

Single Stones

Continuous
Open 15:30 – 19:30