Singapore Exchange’s trade-at-close enhancement begins on June 3
The new enhancement, according to Mr Nico Torchetti, head of market services at SGX, will enable the exchange’s customers to transact at an already-established closing price.
From today (June 3), the Singapore Exchange (SGX) stock market will close at 5.16pm, extending its aftermarket trading hours in a 10-minute window to allow customers to buy or sell shares at an established closing price.
Called the ‘trade at close’ (TAC) session, the period will take place after every regular trading day. Participants can execute orders for stocks at the closing auction price, from 5.06pm to 5.16pm Singapore time. If the market is trading for half a day, the session will take place from 12.06pm to 12.16pm.
The new enhancement would mean that corporates who wish to publish their announcements after the market closes will have to pay attention to the new trade enhancement timings.
The enhancement, according to Mr Nico Torchetti, head of market services at SGX, will enable the exchange’s customers to transact at an already-established closing price.
Investors and brokers who desire price certainty or those looking to fill an order that was not completely transacted during the closing routine will benefit from the new TAC session, Mr Torchetti said.
The new TAC session arrived through a public consultation which received supportive feedback, the SGX said. The closing routine time which is six minutes after the local market closes was derived from the respondents’ comments, the exchange added.
The exchange said it looks forward to customers’ active participation as it continues to scope at ways to enhance the securities market.
SGX’s securities market runs continuous trading sessions from 9am to 12pm and 1pm to 5pm on weekdays, except for public holidays and half-day sessions.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
European Central Bank meeting
Learn about how the ECB meeting affects interest rates and price stability ahead of the next announcement.
- How might the next meeting affect the markets?
- What are the key rate decisions to watch?
- Why is the Governing Council announcement important for traders?
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
