SGX Consults Public On Closing Price Methodology For ETFs

Singapore Exchange (SGX) is proposing to publish closing prices for exchange traded funds (ETFs) and put in place a methodology to determine closing prices for ETFs that will reflect more closely, the prevailing market conditions. This will allow investors of ETFs to have an up-to-date closing price for making investment decisions and portfolio valuation.

SGX is consulting the public on the proposed methodology for determining the closing prices of ETFs. SGX believes that this proposed methodology, together with a wider product range, improved liquidity and a more diverse retail and institutional participation, will promote a more vibrant ecosystem for ETFs.

SGX seeks the views of the public and market participants on this proposal. Subject to regulatory approval and member readiness, we target to introduce this by the first quarter of 2014.

The consultation paper is available on SGX’s website at www.sgx.com from today. Market participants and members of the public can submit their comments and suggestions until 2 August 2013 via email, post/courier or fax to:

Email:              rules@sgx.com

Post/Courier:   Singapore Exchange

                       2 Shenton Way, SGX Centre 1

                       #19-00, Singapore 068804

Attn:                Chua Tat Hsien

                        Regulatory Development & Policy​

Fax:                 +65 6534 2207