Preventing error trades in consolidated shares
SGX's additional safeguards include indicators on stock price pages and reference prices
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Singapore
THE Singapore Exchange (SGX) will flag shares undergoing consolidation and introduce reference prices for brokers to prevent trading mistakes, the market operator announced on Tuesday in response to error trades a week ago in the newly consolidated shares of New Silkroutes Group.
Shares that will undergo consolidation are now marked with the "CE" label, for cum-entitlement, on SGX's stock price pages, while shares that have just been consolidated are marked "XE", for ex-entitlement.
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