General Announcement::SGX seeks feedback on revised price limits for SGX MSCI Taiwan futures

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
05-May-2015 17:24:56
Status
New
Announcement Sub Title
SGX seeks feedback on revised price limits for SGX MSCI Taiwan futures
Announcement Reference
SG150505OTHRPGHP
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
VP, Marketing & Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is launching a consultation on proposed revisions to price limits for the SGX MSCI Taiwan Index Futures contract traded on its derivatives market.

SGX proposes to widen the range of the Initial Price Limits of the contract to 10% away from the previous trading day s daily settlement price versus 7% currently. SGX also wishes to remove the Intermediate Price Limit.

Price limits act as speed bumps to slow sharp price movements of contracts; when a price limit is reached for the SGX MSCI Taiwan Futures, a 10-minute cooling off period applies during which the contract can only be traded within the relevant price limits.

SGX seeks comment on these proposals including the removal of the Intermediate Price Limits. The public consultation is open till 14 May 2015.

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