SGX Consults Public on Closing Price Methodology for ETFs
SGX is consulting the public on the proposed methodology for determining the closing prices of ETFs. SGX believes that this proposed methodology, together with a wider product range, improved liquidity and a more diverse retail and institutional participation, will promote a more vibrant ecosystem for ETFs.
SGX seeks the views of the public and market participants on this proposal. Subject to regulatory approval and member readiness, we target to introduce this by the first quarter of 2014.
The consultation paper is available on SGX’s website at www.sgx.com from today. Market participants and members of the public can submit their comments and suggestions until 2 August 2013 via email.