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GM/162/2013
Dear Members
*Ends randomly anytime 8.58am to 8.59am ^Ends around 8.51am to avoid time-gap between lifting of ISS Pre-Open2 and transition into TSS Pre-Open2 #Session state for new listing follows rest of market TSS.
Standardising Opening Routine for New Listings To align opening routine for new listings at and after market opening, SGX is replacing the Adjust phase with the Pre-Open2 and Non-Cancel segments for new listings that take place after
Singapore Exchange Securities Trading Limited
Company Reg No. 199904940D (a wholly-owned subsidiary of Singapore Exchange Limited)
2 Shenton Way, #19-00 SGX Centre 1, Singapore 068804 Main: (65) 6236 8888 Fax: (65) 6536 6495 www.sgx.com
market opening. For example, an IPO counter is scheduled to start trading at 2.00pm, the PreOpen phase will start at 1.30pm and end randomly anytime between 1.58pm to 1.59pm. The NonCancel phase begins immediately after and ends at 2.00pm, following which regular trading commences. Below is an illustration of the new opening routine for the example of an IPO counter scheduled to start trading at 2.00pm:
Current Time 1.30 pm 1.58.59 pm* 1.59 pm 2 pm ISS (New Listing) Adjust Pre-Open2^ Non-Cancel New ISS (New Listing)
*Ends randomly anytime 1.58pm to 1.59pm ^Pre-Open2 for capital-raising products; Pre-Open1 for other products
SGX will continually review its trading processes and introduce appropriate enhancements to strengthen our marketplace. We welcome your feedback and comments at all times and we look forward to your continued support. For further clarification relating to this circular, please do not hesitate to contact your Business Partners.
2 Shenton Way, #19-00 SGX Centre 1, Singapore 068804 Main: (65) 6236 8888 Fax: (65) 6536 6495 www.sgx.com