Subject to regulatory approval, SGX is considering the implementation of a Unit Share Market to replace the existing Odd Lot Market. A Unit Share Market will allow the trading of odd lots in any quantity, with a minimum size of 1 share.
Board lot trading on the existing Ready Market will be maintained for those who wish to continue trading in lots of 1,000 shares each.
Mr Gan Seow Ann, EVP and Head of the Securities Trading Division of SGX said, "The Unit Share Market is primarily designed to improve efficiency in the trading of odd lots, thereby increasing liquidity of the underlying shares. At the same time, the market will become more attractive and affordable to a wider spectrum of investors, especially to investors who desire to trade in smaller parcels of shares and those with odd lot holdings arising from corporate actions."
SGX invites market participants and members of the public to provide their feedback between now and 15 October 2002 via:
Please click here to download a copy of consultation paper.
Email : trdgmgt@sgx.com
Fax : 6536 7568
