Singapore Exchange to roll out new and revised order types for more flexible trading
Published on Mar 19, 2014 7:54 PM
INVESTORS will be given greater flexibility to execute their trades, when the Singapore Exchange (SGX) rolls out new order types for securities from March 31.
One of the proposed changes would allow investors to execute market orders and market-to-limit orders throughout the day's trading session.
Market orders are buy or sell orders executed immediately at prevailing prices, while market-to-limit orders allow investors to indicate their risk limit.
For instance, an investor who wants to buy 10,000 shares of counter X at the market price of $2, can enter a command that will not accept any transactions above or below his preferred price.
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