Monday, November 12, 2007

SGX cuts minimum trade halt duration

SGX cuts minimum trade halt duration
12 Nov 2007

SINGAPORE Exchange said that the minimum duration of trading halts for stocks on its bourse will be cut to 30 minutes from the current 60 minutes from December 3, to reduce trading disruptions.

The bourse operator also said on Monday in an announcement on new rules that stocks of companies without businesses or assets can continue trading instead of being suspended, but the firms need to place their cash in escrow - to be held by an independent third party - and provide monthly updates on the use of funds. -- REUTERS
Posted by Tony Tan at 1:54 PM
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