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SGX: T+2 is not the end of contra trading

Trading tech vendor says settlement will be devolved to individual broking firms
Tuesday, September 30, 2014 - 05:50
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The Singapore Exchange (SGX) remains on track to shift from a T+3 settlement period to T+2 - possibly by 2016 - but when it does, it does not mean the end of "contra" trading - PHOTO: SPH

[SINGAPORE] The Singapore Exchange (SGX) remains on track to shift from a T+3 settlement period to T+2 - possibly by 2016 - but when it does, it does not mean the end of "contra" trading.More importantly, the industry could eventually see settlement decentralised to individual broking houses,