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REVISED MINIMUM BID SIZES FOR SECURITIES MARKET TO Post Reply Rate topic
singaporegal Supreme	11-Dec-2007 22:57        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	This will definitely improve SGX trading volume will have a positive effect on SGX's revenues.
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tiandi Senior	11-Dec-2007 21:21        tiandi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore Exchange Limited (SGX) announced today that the revised minimum bids schedule for the securities market will take effect on Monday, 24 December 2007. The new schedule seeks to improve trading efficiency and market liquidity. The changes include: 1) Reducing the minimum bid sizes for securities¹ priced above $3.00; 2) Customising the minimum bid structures for Exchange Traded Funds (ETFs), bonds, debentures, loan stocks; and Hong Kong Dollar as well as Japanese Yen denominated securities traded on SGX; and 3) Widening the threshold for member firms? forced orders key from the current +/- 6 bids to +/-10 bids for the main securities products² ¹ ?securities? exclude ETFs, bonds, debentures, loan stocks and those securities traded in Japanese Yen and Hong Kong Dollar. ² ?main securities products? exclude ETFs, bonds, debentures and loan stocks. The details of the changes are shown in Appendix 1, as attached. http://info.sgx.com/webnewscentre.nsf/b9c790d0d5ba5d2548256dcf0049ce28/48256838002f07b1482573ae0033c5fa/$FILE/12112007_Appendix%201%20_Revised_Minimum_Bid_Sizes_for_Securities_Market_to_Take_Effect_on_24_December_2007.pdf
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