$SGX(S68.SI)

Singapore Exchange (SGX) is proceeding with adjustments to the equities market structure after receiving largely supportive feedback during the public consultation process in March 2017.

Effective 13 November 2017, the equities market will break from 12.00pm to 1.00pm. In addition, the minimum bid size for relevant securities in the $1.00 to $1.99 price range will be increased to $0.01 from the current $0.005 and the forced order range for relevant securities will be widened to +/- 30 ticks from +/- 20 ticks. The adjustments are aimed at addressing market conditions while balancing the diverse objectives and interests of different segments of participants in the market ecosystem. 

More than 40 respondents participated in the public consultation. A few respondents had alternative suggestions to the three adjustments proposed in the consultation. SGX gave due consideration to these suggestions and provided reasons in its "Responses to feedback to the public consultation" document [link] for proceeding with the proposals in the consultation.

"We would like to thank market participants for supporting the changes to the equities market structure. The midday break, increased minimum bid size and wider forced order range are the result of the collaborative approach the entire market ecosystem is committed to in enhancing our market. We will be monitoring the impact of these changes post-implementation," said Loh Boon Chye, CEO of SGX.

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20 comments
2V_

That means more matching opportunities at 1pm

Amethyst

And when another CEO takes over, back to square one LOL

BobTravels

I guess those computers must get pretty hot and need a lunch break.

And I would like to know what the arguments were.

BobTravels

Reply to @ThumbTackInvestor : Poor dears.

Did not want to miss a second of the rampant excitement, so they decided to put it on hold.

I reckon they should go for 24/7 to sort out the men from the boys......

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Sporeshare

To provide more liquidity..no wonder sgx price went up.more comm for them

BearYamSeng

Wa big jump for $1 share lei, jump higher fall deeper, dunno if it's good or bad, now shortist can create fear selling easier how a

mrman

traders will look for $1.00 stock to Buy Day/Days before Nov start...so that they Hope to Sell at 1.01,1.02..3.4...5..6....

smurfy

Rest time 12pm to 1pm is ok I understand.

u mean now share pricing move in 0.01 instead? means every move is 1cent? is this consider good?

oh I start to understand the last part. means the range to queue now is 30cents difference.... am I right?

Aragon

Reply to @smurfy : Moving 1c is more attractive for punters. So potentially more trading activities.

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allenlow

): dont think its good leh

Prodigy

Last one means if the stock bid/ask is at $1.30/1.31, i can forced sell to $1.00 or buy up to $1.60

Jej2609

12pm to 1pm rest.
share price $1 to $1.99 move in 0.01 instead of current 0.005
last one dont understand. lolx

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