SGX adds safeguards against error trading of consolidated shares
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE Singapore Exchange (SGX) will flag shares undergoing consolidation and introduce reference prices for brokers to prevent error trades, the market operator announced on Tuesday.
Shares that will undergo consolidation will be marked with the "CE" label, for cum-entitlement, in SGX's stock price pages, while shares that have just been consolidated will be marked "XE", for ex-entitlement.
The SGX will also introduce a reference price for newly consolidated stocks. The reference price, which will be used by brokers to gauge whether a trade entry may be at the wrong price, will be a theoretical price calculated from a stock's last traded price adjusted for any consolidation, splits, or cash distributions on the same date.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
