Stock Exchange of Singapore Dealer's Representatives to Trade Directly on SIMEX System

The Stock Exchange of Singapore (SES) and Singapore International Monetary Exchange (SIMEX) are pleased to announce that from April 5, 1999, dealer's representatives of SES member firms (DRs) who are registered representatives of SIMEX, will have direct access to SIMEX's Automated Trading System (ATS). This is an enhancement of the system launched last September which allowed DRs to trade in the SIMEX MSCI Singapore Stock Index (SiMSCI) futures contract via member firms' central buyers using SIMEX ATS terminals. The enhanced facility will enable DRs to place orders and trade in the SIMEX SiMSCI contracts directly from their SES terminals. With the interface, DRs can send orders directly to the SIMEX ATS via their SES trading workstations. Confirmation of the order status and trade from the SIMEX ATS will be relayed back to the trading workstation of the respective DRs. Specifically, the facility will allow DRs to perform trading functions, such as order execution, order withdrawal and order amendment, for the SiMSCI futures contract. The interface will enable SES DRs to add to the range of products in which they can trade and service their clients and make the SIMEX SiMSCI futures contract more accessible to the stockbroking community and investors. The SIMEX SiMSCI futures contract is traded electronically from 08:45 to 12:30 and 14:00 to 17:15 Mondays to Fridays except Singapore public holidays.