Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
Chapter 1 General
Chapter 2 Admission and Registration of Trading Members, Chief Executive Officers and Trading Representatives
Chapter 3 Capital and Financial Requirements
Chapter 4 Operational Requirements
Chapter 5 Trading Practices and Conduct
Chapter 6 Designated Market-Makers
Chapter 7 Listing and Quotation
Chapter 8 Trading
Chapter 9 Settlement
Chapter 10 Requirements on Specific Securities and Futures Contracts
Chapter 11 Cancellation of Contracts and Trades
Chapter 12 Supervision and Enforcement
Chapter 13 Definitions and Interpretation
Directives
Regulatory Notices
Practice Notes
Schedule A
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(1 version)
 
Jun 3 2019 onwards

2. Characteristics of a suspension and a trading halt

Characteristic Suspension Trading Halt
Initiating party A suspension can be imposed by SGX-ST under the circumstances stated in Rule 8.13.1. An Issuer may also request a suspension if its request for extension of a trading halt is not approved by SGX-ST. A trading halt can be imposed by SGX-ST under the circumstances stated in Rules 8.15.1 and 8.15.2.
Status of unmatched orders During a market suspension, unmatched orders in the Trading System may lapse, as determined by SGX-ST. SGX-ST will notify Trading Members of the status of their unmatched orders before the lifting of a market suspension.

During a suspension of a single security or futures contract, all unmatched orders will lapse.
During a trading halt, all existing orders in the Trading System remain valid. Orders can still be entered, modified or withdrawn but will not be matched.
Duration of suspension or trading halt A suspension may persist for a prolonged period. A trading halt is usually intra-day, with a minimum duration of 30 minutes. SGX-ST may extend the duration of a trading halt beyond three Market Days upon the Issuer's request.
Upon lifting of suspension or trading halt Upon lifting of a suspension, the suspended security or futures contract will enter into an Adjust Phase for at least 15 minutes. Upon lifting of a trading halt, orders that can be matched will be matched at a single price computed based on the algorithm set by SGX-ST. Unmatched orders will be carried forward into the market phase that the market is in when the trading halt is lifted.

Added on 3 June 2019.