Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
Futures Trading Rules
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
Practice Note 3.4.8 — Good Faith Bids and Offers
Schedules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

  Versions
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Practice Note 3.4.8 — Good Faith Bids and Offers

Issue Date Cross Reference Enquiries  
Added on 22 September 2006. Rule 3.4.8 Please contact:

Market Surveillance
Mr Christopher Chong 6236-8316
Ms Sally Lim 6236-5172

Enforcement
E-Mail Address : enforcement@sgx.com

1. Introduction

1.1 This Practice Note sets out a situation where the Exchange may not consider a bid or offer to be in good faith.

2. Good Faith Bids and Offers

2.1 If the Exchange suspects that a bid or offer entered by a Member or Approved Trader is not in good faith for the purpose of executing bona fide transactions, the Member or the Approved Trader would have to satisfy the Exchange otherwise.
2.2 The following is one (1) of the situations where a price may not be considered as in good faith for the purpose of executing bona fide transactions:
Market is at 2505 bid and 2507 offer. The Approved Trader enters a 2506 bid and withdraws it within a short span of time with the intention to trigger stop orders or to give a false impression of the market.

Amended on 25 October 2012 and 7 July 2015.