SGX shares guide and best practices on algorithmic trading

Singapore

THE Singapore Exchange Regulation (SGX RegCo) on Friday launched its first algorithmic trading regulatory guide to share with its member firms some of the "best practices and observations made" surrounding this means of trading, in hopes of preventing algorithmic traders from disrupting the Singapore market and to uphold investor confidence.

Created in collaboration and consultation with members of SGX and industry participants, the guide follows a series of "supervisory visits" SGX RegCo made to its members over the past year to "understand the behaviour, governance and controls around the development and employment of algorithms for trading in the SGX market", it stated.