Tag Archives: theoretical opening price

The Latest BTS2 System: How the Stock Quotes Work

I notice that a lot of people are still confused with the way the Theoretical Opening Price (TOP) and Theoretical Closing Price (TCP) are determined under the new Bursa Trade Securities 2 (BTS2) platform, so here’s an article explaining in detail how the new system works.

The way TOP/ TCP is determined remains the same, actually; what has changed is the way the orders submitted by every market participants are displayed on the screen. Overseas trading platform has been using the new display format for years and our local exchange is merely catching up with the developed markets. Let’s look at a hypothetical scenario so that you could better understand the quotes displayed under the new BTS2 platform.