Whole Section

  • 1. Introduction

    • 1.1

      Rule 11.1.2 states that SGX-ST may cancel a contract in various circumstances including the following:
      (a) if the contract arises from an Error Trade and:
      (i) the Trading Members to the contract agree to the cancellation; or
      (ii) SGX-ST is satisfied that the contract should be cancelled; and
      (b) if the contract arises from a Trade at Close and subsequent to the trade, SGX-ST:
      (i) invalidates the Closing Auction Price on which the trade is based; or
      (ii) determines an alternate closing price for the security.

      Added on 3 June 20193 June 2019 and 3 June 20193 June 2019.

    • 1.3

      This Practice Note also sets out the procedure when SGX-ST cancels a contract arising from a Trade at Close.

      Added on 3 June 20193 June 2019.