Notices

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notices

SGX Marking of Short Sell Orders

SGX Marking of Short Sell Orders

To improve transparency of market activities, SGX had implemented new SGX-ST rules in relation to the marking of short sell orders on its securities market which took effect from 11 March 2013.

As information on short selling activities is relevant to the trading decisions of market participants, SGX will publish reports of the total value and volume of short sales for each counter daily on its website.

Based on the rule, an investor is required to indicate whether the sell order is a short sell or a normal sell order. Without this indication, the sell order will not be accepted. For any sell orders that have been executed and indicated wrongly, the investor will need to inform the Trading Representative by 2pm, Trade Date +1. Do note that as per Section 330 (1) of the Securities and Futures Act, it is a statutory obligation to make true and accurate disclosure of short selling information.

To find out more about the indication of a short sell order on our Online Trading Platform, please click here.

For more information on this new implementation please refer to www.sgx.com/shortselling.