- pre-open routine: 0830 - 0900 (pre-open 0830-0859; non-cancel 0859-900)
- morning session: 900 - 1230 (adjust phase 1230-1359; non-cancel 1359-1400)
- afternoon session: 1400 - 1700
- pre-close routine: 1700 - 1706 (pre-close 1700-1705; non-cancel 1705-1706)
- half-day trading on eves of Christmas, New Year and Lunar New Year, ie, pre-open 830-900, normal trading session 900-1230, and pre-close 1230-1236
- when a holiday falls on Sunday, the following Monday will be a public holiday
2. pre-open, adjust phase and pre-close routines break down
- they are aimed at increasing efficiency and transparency of the marketplace, so as to facilitate smooth price movements during the opening and closing sessions of trading
- pre-open period (0830-0859)
i) order input, mod, cancel
ii) no order match yet
- non-cancel period (0859-0900)
i) no order input, mod, cancel
ii) order that can be matched are executed based on a single "opening" price computed by SGX trading system
iii) unmatched orders will flow into regular trading session
- lunch break hours (1230-1359)
i) order input, reduce in qty or cancel
ii) no order matching
- adjust phase non-cancel period (1359-1400)
i) no order input, mod or cancel
ii) orders that can be matched will be executed at a single price computed based an algorithm set by SGX trading system
- pre-close (1700-1705)
i) order input, mod or cancel
ii) no order match
- non-cancel period (1705-1706)
i) no order input, mod or cancel
ii) orders that can be match will be executed at a single "closing" price
iii) unmatched orders will be discarded
3. types of orders
- limit order
4. epic codes for all Singapore listed stocks are alphanumeric; stocks can be quoted in SGD and USD; stocks can only be traded in board lots of 1,000 in Ready market; however odd lot can also be trading in Unit Share Market (Odd Lot Market)
5. ticks
- dependent on the current share price (need to double verify with exchange website)
| Share price (S$) | Tick size |
|---|---|
| lower than 1.00 | 0.005 |
| 1.00 - 9.99 | 0.01 |
| higher than 10.00 | 0.02 |
6. tolerance level
- 6 ticks
7. settlement
- T+3
- T+2 (standalone FX transactions)
8. supported FIX message types
- administrative message types (logon, logout, heartbeat, test request etc)
- trading message types (new order single, execution report, order cancel request etc)
- market status and security status types (security definition, trading session status etc)
- other message types (news, business message request)
- for details, check exchange website
9. for more details
www.sgx.com
No comments:
Post a Comment