Singapore Exchange (SGX)

Posted By Steve On Sunday, October 11th, 2009 With 0 Comments
Singapore Exchange Website: SGX Home Page
Contact: Contact SGX
Map: SGX Map

Singapore Exchange (SGX)
SGX is the first demutualized, integrated securities and derivatives exchange in Asia Pacific. It was formed on December 1, 1999 by the merger of two well-established and respected financial institutions – the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange Ltd (SIMEX).

On November 23, 2000, SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement. Listed on our own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index (STI).

The SGX operates through several subsidiaries, including:
* Singapore Exchange Derivatives Trading Limited
* Singapore Exchange Derivatives Clearing Limited
* Singapore Exchange Securities Trading Limited
* Central Depository (Pte) Limited

The SGX markets include:
* Main Board
* Stock Exchange of Singapore Dealing and Automated Quotation system (SESDAQ)
* Xtranet
* Central Limit Order Book (CLOB) International

Trading System
SGX Securities Trading provides a sound and efficient trading infrastructure that enables Member Companies easy and reliable access into its securities market. There are three channels to trade securities in SGX, namely, via SGXAccess, Singapore Exchange Securities Order Processing System (SESOPS) and Virtual Terminal Interface (VTI). Orders are routed through one of these accesses to the central trade matching engine, known as the Central Limit Order Book (CLOB), for the matching of trades before such information is transmitted to the CDP clearing and settlement systems.

CLOB is a screen-based computerized trading system. Under the CLOB System, workstations installed at brokers’ offices are linked directly to the Exchange’s computer system. Investors’ orders are keyed in and matched by the system and confirmations sent to the brokers immediately. The CLOB system maintains an order book for every traded stock and matches buy and sell orders. Each order in the order book has a limit price. This is the highest (for a buy order) or lowest (for a sell order) price at which the order can be executed. Orders in the CLOB system are held according to price, then time priority. All unmatched orders will lapse at the end of the day.

Trading Hours
Monday to Friday:

From To
Pre-Open 8.30 am 8.58 – 8.59* am
Non-Cancel 8.58 – 08.59* am 9.00 am
Open 9.00 am 5.00 pm
Pre-Close 5.00 pm 5.04 – 5.05 pm**
Non-Cancel 5.04 – 5.05 pm** 5.06 pm
Close 5.06 pm

* Pre-Open Phase ends randomly at any time from 8.58 – 8.59 am and Non-Cancel Phase will begin immediately after Pre-Open Phase ends.
** Pre-Close Phase ends randomly at any time from 5.04 – 5.05 pm and Non-Cancel Phase will begin immediately after Pre-Close Phase ends.

Security Identifiers
Other: None

Equities: Shares, preference shares, deferred shares, warrants, investment trusts, unit trusts, loan stocks, Real Estate Investment Trusts (REIT), Exchange Traded Funds (ETF)
Debt: Singapore Government bonds, corporate bonds, convertible bonds, warrant issues, floating rate notes
Money Market: Treasury bills, Singapore dollar negotiable certificates of deposit, commercial paper
Other: Global Depository Receipts (GDR)

Board Lots
Equities: Most equities trade in lots of 1000 shares. A small number of trade in lots of 200 or 500 shares
Debt: Depends upon the issuer.

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