SGX needs to engage brokers in bid to revive market
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THE Singapore Exchange (SGX) must be applauded for trying to revive a somewhat moribund equity market.
Cutting board-lots, boosting minimum trading price for mainboard stocks, providing value-added products such as SGX Stockfacts and even adding market makers/liquidity providers will go some way towards shoring up a market where liquidity is at a multi-year low, interest is sagging, commissions are suffering and brokers are either looking for other sources of income or simply moving on.
The SGX's own figures tell a dismal story.
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