The following changes will affect counters trading on the Singapore Exchange (SGX) starting 13 November 2017:
Removal of Long-Dated Orders
On Saturday 11 November 2017, SGX will remove and purge all long-dated orders (Good-till-Date, Good-till-Maximum Time) from the order book due to the following market structure changes. Please resubmit the long-dated orders (Good-till-Date, Good-till-Maximum Time) from the start of the pre-open session from 0830h on 13 November 2017.
Lunchtime Break for SGX Market
Mid-day trading break will be from 1200h to 1300h, during which orders will not be matched. Therefore, continuous trading will be divided into two sessions: a morning session from 0900h to 1200h and an afternoon session from 1300h to 1700h. For more information on the mid-day trading break, please refer to the SGX website.
Minimum Bid Size Change
The minimum bid size for the $1.00 to $1.99 price range will be widened from the current $0.005 to $0.01 for all securities (excluding preference shares, structured warrants, exchange traded funds, exchange traded notes, debentures, bonds and loan stocks). Securities in the affected price range will thus move at a bigger price increment, from $0.005 to $0.01.
Forced Order Range Change
The forced order range will also be widened from the current +/- 20 bids to +/- 30 bids to improve order entry efficiency. Investors can now place orders over a wider range of prices before having to 'force' the order through.
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