1. Introduction
1.1 Rule 8.5.2 states that SGX-ST may prescribe the minimum bid size of each product.
1.2 This Regulatory Notice sets out the minimum bid size of each product.
2. Minimum bid size
2.1 Unless otherwise determined by SGX-ST, the minimum bid size of the following products shall be as follows:
For the avoidance of doubt, the minimum bid sizes above apply to securities and futures contracts denominated in all currencies, except the Hong Kong Dollar ("HKD"), Renminbi ("RMB") or Japanese Yen ("JPY"). For securities and futures contracts traded in HKD, RMB and JPY, the minimum bid sizes shall as far as practicable be aligned to the minimum bid sizes applicable in Hong Kong and Japan respectively.
S/N | Product | Price Range ($) | Minimum Bid Size ($) |
1 | Stocks (excluding preference shares), real estate investment trusts (REITs), business trusts, company warrants and any other class of securities or futures contracts not specified in this paragraph 2.1 | Below 0.20 | 0.001 |
0.20 – 0.995 | 0.005 | ||
1.00 and above | 0.01 | ||
2 | Structured warrants | Below 0.20 | 0.001 |
0.20 – 1.995 | 0.005 | ||
2.00 and above | 0.01 | ||
3 | Exchange traded funds, exchange traded notes | All | $0.01 or $0.001 as determined by SGX-ST |
4 | Debentures, bonds, loan stocks and preference shares | All | $0.001 |
For the avoidance of doubt, the minimum bid sizes above apply to securities and futures contracts denominated in all currencies, except the Hong Kong Dollar ("HKD"), Renminbi ("RMB") or Japanese Yen ("JPY"). For securities and futures contracts traded in HKD, RMB and JPY, the minimum bid sizes shall as far as practicable be aligned to the minimum bid sizes applicable in Hong Kong and Japan respectively.
Added on 3 June 20193 June 2019.