On 14 May 2019, following supportive feedback during a public consultation, Singapore Exchange Limited (“SGX”) announced its introduction of the “Trade at Close” (“TAC”) session for the securities market, effective 3 June 2019.
The TAC session is a 10 minute long session from 5.06 pm to 5.16 pm on a regular trading day, immediately following the closing auction routine, which allows participants to execute orders at the closing auction price set during the closing auction routine. The TAC session will only occur if a closing auction price is established for the security. The closing auction routine will remain at 5.00 pm to 5.06 pm on a regular trading day (or 12.00 pm to 12.06 pm on a trading half day).
If you would like information on this or any other area of law, you may wish to contact the partner at WongPartnership that you normally work with or any of the following partners:
Annabelle YIP
Joint Head – Corporate Governance & Compliance Practice
d +65 6416 8249
e annabelle.yip@wongpartnership.com
Click here to see Annabelle’s CV.
Vivien YUI
Joint Head – Employment Practice
Partner – Corporate Governance & Compliance Practice
d +65 6416 8009
e vivien.yui@wongpartnership.com
Click here to see Vivien’s CV.
Kevin HO
Partner – Corporate Governance & Compliance Practice
d +65 6416 2555
e kevin.ho@wongpartnership.com
Click here to see Kevin’s CV.