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Practice Note 2.6.3(1)(d) — Error-Prevention Alerts

Past version: Effective from 15 Mar 2013 to 13 Nov 2016

Issue Date Cross Reference Enquiries
Added on 15 March 201315 March 2013. Rule 2.6.3(1)(d) Please contact Member Supervision:

Facsimile No : 6538 8273
E-Mail Address: membersup@sgx.com

1. Introduction

1.1 This Practice Note explains the types of error-prevention alerts contemplated in Rule 2.6.3(1)(d).

2. Types of Error-Prevention Alerts

2.1 The types of error-prevention alerts to be made available may include but are not limited to the following:
(a) maximum quantity per order — to alert Approved Traders and customers of possible erroneous entries in relation to quantity; and
(b) price alerts — to alert Approved Traders and customers of possible erroneous entries in relation to price.
2.2 Price alerts include:
(a) price range checks to alert Approved Traders and customers when the new order entry price has exceeded a certain percentage; or
(b) number of ticks as compared to the last traded price or the previous settlement price if last traded price is not available.

Amended on 15 March 201315 March 2013.