Sunday, July 3, 2011

SGX The Singapore Stock Exchange

Today is the day where bid spreads on stocks listed in SGX are reduced.

For shares trading below 20 Singapore cents each, investors will be able to place bids as little as 0.1 cent wide instead of at intervals of half a cent.

For shares between 20 Singapore cents and S$1.99, the spread will be 0.5 cent instead of 1 cent.


The Singapore Exchange (SGX) said it has reprimanded mainboard-listed KXD Digital Entertainment and its former chairman and CEO Liu Fusheng for breaches of the Listing Rules and failures of corporate governance.

SGX said market makers will be available to increase liquidity and make it easier for individual investors to buy and sell SGS bonds. The liquidity providers include seven out of 13 Singapore Government Securities (SGS) Primary Dealers, which have committed to provide two-way prices for the 19 SGS bonds traded on SGX. These are DBS, Deutsche Bank, HSBC, OCBC Bank, Standard Chartered Bank, The Royal Bank of Scotland (RBS) and United Overseas Bank Limited.

The Structured Module is developed with the primary purpose of providing investors with requisite information on companies in research reports with a standardised format. These reports contain analysis and views on company fundamentals including industry prospects, its business and management, performance, earnings outlook and competitive landscape. Standard & Poor's LLC, a recognised name in providing research analysis, has been appointed to commence this module. T

In a statement issued Thursday, SGX said Mr Liu has grossly failed to demonstrate qualities and standards expected of directors and the management of SGX-listed companies.


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