SUBSCRIBERS

Preventing error trades in consolidated shares

SGX's additional safeguards include indicators on stock price pages and reference prices

Published Tue, Dec 22, 2015 · 09:50 PM

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-e…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes