Rules should apply equally to all players - big and small
SGX's guides on false market activities a shrewd move but it must ensure fair application of rules at all times
THE Singapore Exchange's new Trade Surveillance Handbook and Members' Surveillance Dashboard are novel additions to the local corporate governance framework. The former illustrates to trading representatives (TRs) and their broking firms the types of activity that lead to a false market, whilst the latter provides each firm with details of trades done by that house over a recent period that might be considered illegal.
In other words, the Handbook shows what to look out for and the Dashboard alerts the recipient that they may need to take corrective action internally.
Issuing these two guides is a shrewd move by the SGX to engage brokers in helpi…
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