SGX: Revised Minimum Bid Sizes For Securities Market To Take Effect On 24 December 2007

Singapore Exchange Limited (SGX) announced today that the revised minimum bids schedule for the securities market will take effect on Monday, 24 December 2007. The new schedule seeks to improve trading efficiency and market liquidity.

The changes include:

1. Reducing the minimum bid sizes for securities^¹ priced above $3.00;
2. Customising the minimum bid structures for Exchange Traded Funds (ETFs), bonds, debentures, loan stocks; and Hong Kong Dollar as well as Japanese Yen denominated securities traded on SGX; and
3. Widening the threshold for member firms’ forced orders key from the current +/- 6 bids to +/-10 bids for the main securities products^²

^¹ ‘securities’ exclude ETFs, bonds, debentures, loan stocks and those securities traded in Japanese Yen and Hong Kong Dollar.
^² ‘main securities products’ exclude ETFs, bonds, debentures and loan stocks.

Click here for details of the changes.