SURVEY
Thursday, April 29, 2010
Saturday, April 24, 2010
Asia Trader and Investor Convention 2010
The Asia Trader and Investor Convention will be held at Suntec convention center this weekend, 24th and 25th April 2010.
Friday, April 23, 2010
Wednesday, April 21, 2010
Queen's Night at Harry's @ Boat Quay
Come dressed in orange & enjoy free heineken from 6.30pm to 8.30pm on 220410 !
Keep in touch with the Dutch !
Keep in touch with the Dutch !
Monday, April 12, 2010
Monday, April 05, 2010
Meet Ethan Juan & Mark Chao Up-close!
5 Apr (Mon), 7.15pm
Top of the 8, Level 3
Plus Free MONGA Movie Tickets & Autographed Poster!
Top of the 8, Level 3
Plus Free MONGA Movie Tickets & Autographed Poster!
Sunday, April 04, 2010
CIRCLE LINE DISCOVERY OPEN HOUSE
DISCOVER HOW CIRCLE LINE BRINGS YOU GREATER CONNECTIVITY AND ACCESSIBILITY!
Saturday, April 03, 2010
Don’t front-run, SGX warns brokers
THE Singapore Exchange (SGX) has warned brokers against profiting from inside information of pending customer orders.
SGX highlighted the practice of front-running - a trading misconduct that occurs when a broker does a personal trade on a stock on the knowledge that his client wants a trade executed on the stock later.
'There is an opportunity to profit by trading in advance of customers' large orders and closing out one's position following the share price movements caused by the execution of the customers' orders,' SGX said in its regulator's column yesterday. This is especially so if a large block of shares is being traded, it added.
SGX also warned brokers against trading ahead of pending married trades. Such trades are off-market deals that are permitted as long as they meet a minimum of 50,000 units of securities or futures contracts or $150,000 in value.
Deals struck during market hours must be reported within 10 minutes of execution, while those done after market hours must be reported within the first half hour of trading the next trading day - that is, from 9am to 9.30am.
Married trades are known to impact stock movement, especially when they are at a significant premium or discount to a counter's reference price, or when they are big in size.
'Trades involving substantial shareholders and the management may signify strategic changes for the company and affect a company's share price,' SGX said.
It also reminded brokers of their obligations to inform SGX of suspected insider trading.
Market watchers have said that married deals may give a false impression of active trading on a stock.
SGX has suggested tougher requirements for married trades in a consultation paper early last year. It has suggested raising the thresholds for such trades to $500,000 or 500,000 units of securities or futures contracts.
SGX has also suggested having married trades executed after trading hours to be reported between 8.30am and 8.50am the next trading day.
There has been no update on whether these mooted changes will be implemented.
SGX highlighted the practice of front-running - a trading misconduct that occurs when a broker does a personal trade on a stock on the knowledge that his client wants a trade executed on the stock later.
'There is an opportunity to profit by trading in advance of customers' large orders and closing out one's position following the share price movements caused by the execution of the customers' orders,' SGX said in its regulator's column yesterday. This is especially so if a large block of shares is being traded, it added.
SGX also warned brokers against trading ahead of pending married trades. Such trades are off-market deals that are permitted as long as they meet a minimum of 50,000 units of securities or futures contracts or $150,000 in value.
Deals struck during market hours must be reported within 10 minutes of execution, while those done after market hours must be reported within the first half hour of trading the next trading day - that is, from 9am to 9.30am.
Married trades are known to impact stock movement, especially when they are at a significant premium or discount to a counter's reference price, or when they are big in size.
'Trades involving substantial shareholders and the management may signify strategic changes for the company and affect a company's share price,' SGX said.
It also reminded brokers of their obligations to inform SGX of suspected insider trading.
Market watchers have said that married deals may give a false impression of active trading on a stock.
SGX has suggested tougher requirements for married trades in a consultation paper early last year. It has suggested raising the thresholds for such trades to $500,000 or 500,000 units of securities or futures contracts.
SGX has also suggested having married trades executed after trading hours to be reported between 8.30am and 8.50am the next trading day.
There has been no update on whether these mooted changes will be implemented.
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