SGX to Offer Continuous Trading by 2nd Quarter of 2011
Singapore Exchange (SGX) said February 18 it is seeking regulatory approval to offer non-stop trading from 9.00am to 5.00pm for its securities market by the second quarter of the year, instead of 1 March. This follows further consultation with market participants.
The later start date will help assure complete readiness of all participants.
The start of continuous trading of securities will bring Singapore in line with developed international markets at a time of increasing globalisation and competition. Trading hours in Singapore will overlap more with those of key centres in Tokyo, China and India, thereby increasing opportunities for investors participating in various markets.
A non-stop trading session also will remove the additional risks investors face when they are unable to act due to a gap in the trading day.