The opening and closing market phases of the Singapore Stock Exchange are described in detail in Practice Note 8. Orders can be entered from Orders that can be matched are matched at a single price computed based on an algorithm set by SGX-ST.

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The computed price will be the closing price for the day. Instead, orders can be flattened only by manually sending a limit order that is not too aggressive, i. The Closing Range shall be the last 15 minutes of the Trading Phase, or such other time as may be determined by SGX-ST and notified to the market from time to time.

Unless otherwise specified, SGX-ST may use any of the following as the closing price of a Prescribed Security for a Trading Day:. All unmatched orders can be entered, reduced in quantity, or cancelled. No matching will take place.

No order entry, amendment, or cancellation is allowed in this phase. All existing orders are matched at a single price according to the algorithm set by SGX-ST. All unmatched orders following the non-cancel phase at the close of trading will lapse. The computed single price will be the closing price of the day.

For more information on the auction mechanisms on the Singapore Stock Exchange, see Practice Note 8. Tools Show pagesource Old revisions Backlinks Recent changes Media Manager Sitemap Login Register.

FREE Brochure Find out how to start your own successful trading floor. Table of Contents Singapore Stock Exchange SGX. The Singapore Stock Exchange is the primary exchange in Singapore. The tick size for equities is listed in the following table. Price Range SGD Tick Size SGD Below 0.

Trading With Singapore Exchange Ltd | SGX

For more information, see Chapter 8A of the Rulebooks. The Opening Routine is a minute session before normal trading starts at It comprises the Pre-Open Phase and the Non-Cancel Phase. This phase will begin immediately after the Pre-Open Phase ends, which may be at any time from The computed price will be the opening price for the day.

The methodology for computing the single price is as follows: Zero pressure occurs when the cumulative offer volume is equal to the cumulative bid volume at a particular price. The computed price is either one of the following:.

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If there is no unique price, the average of all prices within the equilibrium with the maximum trade volume, or. The average is rounded to the next multiple of the minimum price multiple for this security or Futures Contract in the direction of the last traded price, or.

If there is no last traded price, the average price is rounded to the next lower price multiple. The Equilibrium Price is the price that has the largest tradable volume and the lowest imbalance. If the highest tradable volume occurs at more than one price the Equilibrium Price is the price with the lowest imbalance.

If the highest tradable volume and lowest imbalance occur at more than one price and there is both buy and sell pressure or nil pressure within the price overlap, the Equilibrium Price is:. How Much Money Can You Make Running a Trading Floor?

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