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SGX Proposes new rules & measure for short selling

Yes !! when SGX implement new rules ... by then everyone can see each others underwear !! The higher of short selling counter = transparent underwear counter !

Hulumas      ( Date: 26-Jul-2010 09:36) Posted: Is there any transparent underwear buying and selling in SGX market? des_khor      ( Date: 26-Jul-2010 00:57) Posted: This is something like everyone are wearing the transparent underwear !!Everyone just follow wearing the same colour underwears same like just follow blindly short selling or buying follow the market trend !!

 

Is there any transparent underwear buying and selling in SGX market?

des_khor      ( Date: 26-Jul-2010 00:57) Posted: This is something like everyone are wearing the transparent underwear !!Everyone just follow wearing the same colour underwears same like just follow blindly short selling or buying follow the market trend !!

 

This is something like everyone are wearing the transparent underwear !!Everyone just follow wearing the same colour underwears same like just follow blindly short selling or buying follow the market trend !!

 

It may create and motivate more short sell then, that is not healthy to the SGX market!

pharoah88      ( Date: 25-Jul-2010 16:15) Posted: There is ONE  PERFECT  WIN-WIN TRANSFORMATION to  DOUBLE  SGX  TRADING WHICH  SGX  REFUSE  to  CHANGE: CHARGE  BROKERAGE  on  TRADING  PROFITS  ONLY and  NOT  on  TRADING  LOSSES. This CREATION  does nOt  require additonal 1.5 hours Lunch Time Trading.

 

There is ONE  PERFECT  WIN-WIN TRANSFORMATION

to  DOUBLE  SGX  TRADING

WHICH  SGX  REFUSE  to  CHANGE:

CHARGE  BROKERAGE  on  TRADING  PROFITS  ONLY

and  NOT  on  TRADING  LOSSES.

This CREATION  does nOt  require additonal 1.5 hours Lunch Time Trading.

 

There is ONE  GUARANTEED WAY

to  INCREASE  SGX  TRADING  VOLUME

WHICH  SGX  REFUSE  TO  ADOPT:

reduce  Brokerage Rate to 0.08%

reduce Minimum  Brokerage to  S$8.00

 

 

WiLL  there  be  a  CATCH  ? ? ? ?

To  Increase  brokerage  ? ? ? ?

tanstg      ( Date: 24-Jul-2010 09:31) Posted: SGX has proposed new rules and measures to provide more information & transparency on short selling activities. Here are what they have included: Mark all sell orders, either as normal sell order or a short sell order. SGX intends to report the short sales volume and value by counter for each trading day with the collated data. To facilitate the marking of selling orders, SGX requires its Trading Members to put in place procedures to ensure that customers indicate their sell orders. To read more, read them on SGX website or Today's paper dated 24 Jul 2010.

 

INSIDER  should NOT be ALLOWED to transfer shares to NOMINEE ACCOUNTS    ? ? ?  ?

and  use NOMINEE  ACCOUNTS  TO TRADE    ? ? ? ?

and  NOT  REPORTING IT AS INSIDER TRADING   ? ? ? ?

ALL INSIDER TRADINGS  should be CLASSIFIED and  INDICATED  IMMEDIATELY  in the MARKET DEPTH  and  nOt  wait for one week when the ACTION is ALL OVER    ? ? ? ?

 

Yes, a step forward improvement I should say!

tanstg      ( Date: 24-Jul-2010 09:31) Posted: SGX has proposed new rules and measures to provide more information & transparency on short selling activities. Here are what they have included: Mark all sell orders, either as normal sell order or a short sell order. SGX intends to report the short sales volume and value by counter for each trading day with the collated data. To facilitate the marking of selling orders, SGX requires its Trading Members to put in place procedures to ensure that customers indicate their sell orders. To read more, read them on SGX website or Today's paper dated 24 Jul 2010.

 

SGX proposes new rules and measures for short selling

SINGAPORE

This includes the requirement to mark all sell orders, either as a normal sell order or a short sell order. With the collated data, SGX intends to report the short sales volume and value by counter for each trading day.

To facilitate the marking of sell orders, SGX requires its Trading Members to put in place procedures to ensure that customers indicate their sell orders.

The dealer or remisier cannot transmit a sell order to SGX if the customer has not made his or her order indication.

SGX said the move is to facilitate greater market transparency as timely short selling information, will provides greater disclosure and contributes to enhanced accountability.

The exchange defines a short sell order as “any sell order where the seller does not own the quantity of security to be sold at the time of placing the order”.

SGX is embarking on a consultation exercise on the proposed change and said the exercise is being conducted after close discussions with the Monetary Authority of Singapore.

Separately, SGX chief executive Magnus Bocker said that doing away with a lunchtime trading break could increase volumes on the Singapore Exchange by 10 per cent.

Mr Bocker disclosed this when speaking at a Foreign Correspondents Association event here yesterday. He also confirmed a MediaCorp report earlier this week that the exchange was considering plans to have continuous trading in each session.

However, he said that it is still too early to talk about when to implement it and also confirmed it is currently in discussions with market participants on the move.— The Singapore Exchange (SGX) has proposed new rules and measures to provide more information on short selling activities.

 

SGX has proposed new rules and measures to provide more information & transparency on short selling activities.

Here are what they have included:

• Mark all sell orders, either as normal sell order or a short sell order.

SGX intends to report the short sales volume and value by counter for each trading day with the collated data. To facilitate the marking of selling orders, SGX requires its Trading Members to put in place procedures to ensure that customers indicate their sell orders. To read more, read them on SGX website or Today's paper dated 24 Jul 2010.