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Home » Latest Notice » SGX Securities Trading Market Structure Changes Effective from 13 November 2017, Monday
SGX Securities Trading Market Structure Changes Effective from 13 November 2017, Monday

Dear i*Trade@CIMB customers,

Please be informed that there will be 3 key trading market changes on Singapore Exchange (SGX) starting from 13 November 2017:

1.     Introducing a mid-day break from 12:00 noon to 1:00 pm

2.     Increase minimum bid size for stocks in $1 - $1.99 from $0.005 to $0.01

3.     Widen force order range from +/- 20 bids to +/- 30 bids

1. Mid-day Break

A mid-day trading break will take place from 12:00 noon to 1:00pm, during which orders will not be matched. Therefore, continuous trading will be divided into two sessions: a morning session from 9:00 am  to 12:00 noon and an afternoon session from 1:00 pm to 5:00 pm.

For more information on the mid-day trading break, please refer to the SGX Trading Hours.

2. Increase in Minimum Bid Size

The minimum bid size will widen from $0.005 to $0.01 for stocks and REITs in the $1 - $1.99 price range. This change is in response to market feedback to provide more viable trading opportunities for retail short term traders and promote a more balanced mix of participants in this price range.

For more information, you may refer to Minimum Bid Size.

3. Widen of Forced Order Range

The forced order range will also be widened from the current +/- 20 bids to +/- 30 bids to improve order entry efficiency. You can now place orders over a wider range of prices before having to 'force' the order through.  

The revised minimum bid size and force order range schedule with effect from 13 November 2017 is as shown in the table below.

Product

Price Range ($)

Minimum Bid Size ($)

Force Order Range

Stocks (excluding preference shares), Real Estate Investment Trusts (REITS), business trusts, company warrants and any other relevant class of securities or Futures Contracts

Below 0.20

0.001

+/- 30 bids

0.20 – 0.995

0.005

1.00 and above

0.01

 

Important Note!

Please ensure your SGX order(s) are in accordance to the trading market changes as mentioned above in order to prevent your order(s) from being rejected/ cancelled due to this revision.

 

For any enquiries, please contact your Dealer’s Representative or Authorised Officer of CIMB Bank Berhad. 

 

Yours sincerely,

 

 


CIMB Investment Bank Berhad (18417-M)
(A Participating Organisation of Bursa Malaysia Securities Berhad)

 

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