Singapore is set to introduce sweeping changes to its equities markets in a package of actual and proposed measures aimed at cleaning up trading practices in the wake of an embarrassing “penny stocks crash” last year.
The new rules will include a minimum trading price, to reduce volatility and speculation in small-caps; collateral requirements for securities trading; and a new short-selling reporting regime.
Separately, SGX, the exchange, will introduce incentives for electronic market-makers, sometimes called “high-frequency traders”, and cut its securities clearing fees by 20 per cent to lure off-exchange trading onto the bourse.
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