Rulebooks: Contents

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SGX-ST Rules
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SIAC DT Arbitration Rules
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SGX-ST Rules
Rule Amendments

  Versions
(3 versions)
 
Up to Feb 23 2014Feb 24 2014 - Sep 15 2016Sep 16 2016 onwards

8.2.2

Past version: effective from Feb 24 2014 - Sep 15 2016.
To view other versions open the versions tab on the right.

The market phases are as follows:—

(1) Pre-Open/Pre-Close

This phase allows order entry, reduction in order size and withdrawal of orders but no matching of orders.
(2) Non-Cancel

No order entry and amendment are allowed in this phase. All existing orders are matched at a single price according to the algorithm set by SGX-ST. All unmatched orders, except at the close of trading, are carried over to the next phase. All unmatched orders following the non-cancel phase at the close of trading will lapse.
(3) Trading

This phase allows order entry, reduction in order size and withdrawal of orders. All orders are matched in accordance with price priority, subject to Rule 8.10A, followed by time priority.
(4) Adjust

This phase allows order entry, reduction in order size and withdrawal of orders. At the end of the phase, orders will be matched at a single price based on the algorithm set by SGX-ST. All unmatched orders will be carried over to the next phase.

Refer to Practice Note 8.2.2.

Amended on 24 February 2014.