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.
1.2
Rule 11.3 sets out the procedures for the cancellation of Error Trades. This Practice Note further sets out the steps that a Trading Member should take if it wishes to cancel an Error Trade.
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.