Singapore Exchange refines query process, revises fees
Published on Feb 7, 2014 7:33 PM
Singapore Exchange (SGX) is making some changes to the way it queries companies about unusual fluctuations in the trading of their stocks.
Following a joint review with the Monetary Authority of Singapore, the SGX will enhance its public query process by providing further guidance and details in the public query. The bourse operator will now provide examples as a guide, of yet-to-be disclosed information that could explain the trading patterns.
It will also require the company's board of directors to approve the company's reply to SGX's query.
SGX will then publish a "Trade with Caution" announcement if companies are unable to explain the trading activities which they were queried about.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here