SGX: T+2 is not the end of contra trading
Trading tech vendor says settlement will be devolved to individual broking firms
Add BT as a preferred source
[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, with each responsible for its own technology systems.
In response to a BT query, Nico Torchetti, SGX senior vice-president and head of depository services, said: "We will work closely with brokers to enable efficient and flexible choices for investors to securely participate in the markets for those with different needs and different time horizons.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
BlackRock said to be in exclusive due diligence for Capri by Fraser China Square
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
