Past version: Effective up to 24 Oct 2012
| Issue Date | Cross Reference | Enquiries |
| Added on 22 September 2006. | Rule 3.4.9 | Please contact: Market Surveillance Mr Kelvin Tan 6236-5907 Ms Sally Lim 6236-5172 Enforcement Ms Annie Ong 6236-8842 E-Mail Address : enforcement@sgx.com |
1. Introduction
1.1 This Practice Note sets out the recommended practice to avoid acting as buyer and seller in the same transaction.
2. Recommended Practice
2.1 To avoid acting as buyer and seller in the same transaction, a Member or Approved Trader is encouraged:
(a) to check all its outstanding orders in QUEST; and
(b) before entering an order, to withdraw any outstanding order entered by itself or its sponsoring Clearing Member on its behalf, which corresponds and is likely to match against the order which is to be entered.