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Trading halts: better procedures needed

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Despite the significance of trading halts, it is surprising to see that the rules as they stand today are not at all clear and leave plenty of room for uncertainty and, possibly, even opportunity for unfair profit. It is time the Singapore Exchange (SGX) addressed this - PHOTO: SPH

TRADING halts are one of the most common occurrences in daily market life and are mandatory when listed companies make material announcements such as mergers, rights issues or placements. Yet despite their significance, it is surprising to see that the rules as they stand today are not at all