Past version: Effective from 07 Jul 2015 to 13 Nov 2016
| Issue Date | Cross Reference | Enquiries |
| Added on 22 September 2006. | Rule 3.4.9 | Please contact: Market Surveillance Mr Christopher Chong 6236-8316 Ms Sally Lim 6236-5172 Enforcement 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.
Amended on 25 October 201225 October 2012 and 7 July 20157 July 2015.