In addition, SGX-ST may also use the alternative prices set out in the table below for the instruments stated:
Instrument | Alternative prices that may be used as the Reference Price |
Extended settlement contracts | • The price of the last good trade in the underlying stock. |
Depository receipts | • The previous closing price of the underlying instrument in home market. • In the case of ADRs, the previous closing price of the ADR in the US market. |
Exchange traded funds | • The previous closing price as determined in accordance with Rule 8.3. • The average of the last quoted bid price and the last quoted offer price for the exchange traded fund immediately preceding the error trade. The selection will not include the quotes provided by the Designated Market-Maker who is involved in the error trade that is under review. • The indicative net asset value. |
Exchange traded notes | • The average of the last quoted bid and the last quoted offer price for the exchange traded note immediately preceding the error trade. The selection will not include the quotes provided by the Designated Market-Maker who is involved in the error trade that is under review. • The price of other debt papers with a similar credit rating. |
Added on 30 May 2023.