SGX to bring back lunch break, widen some tick sizes on Nov 13
It will introduce "indicative equilibrium price" to reduce gap risk from mid-day trading break
Singapore
SINGAPORE traders will have an hour for lunch and minimum bid spreads will widen for certain stocks from Nov 13, after Singapore Exchange (SGX) wrapped up a public consultation exercise on market structure changes.
Following the public consultation, SGX said it will not change its original proposals to:
1) widen the tick size for stocks in the S$1.00 to S$1.99 range from 0.5 cent to one cent;
2) introduce a mid-day trading break from noon to 1pm; and
3) raise the threshold at which trades trigger an "error trade" warning, also called the forced order range, from the current…
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