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Prohibited Trading Conduct
Market conduct requirements for capital market products are regulated by MAS And SGX under Securities And Futures Act and SGX Trading Rules respectively.
Key prohibited conduct include but are not limited to market manipulation, false trading and market rigging.
For example, any conduct which creates or is likely to create a false or misleading appearance of the market, or the price of the capital market products is prohibited.
The following web-links contain details of market conduct requirements:- SFA Part XII Market Misconduct – https://sso.agc.gov.sg/Act/SFA2001#P1XII-
- SGX-ST Rule Chapter 5 - Trading Practices and Conduct – https://rulebook.sgx.com/rulebook/chapter-5-trading-practices-and-conduct
- SGX Trade Surveillance Handbook Series 1 – https://api2.sgx.com/sites/default/files/2018-05/Trade Surveillance Hand Book.pdf
- SGX Trade Surveillance Handbook Series 2 - https://api2.sgx.com/sites/default/files/2018-05/20180523%20SGX_Trade%20Surveilance%20Handbook_S2.pdf
- MAS-SGX Trade Surveillance Practice Guide - https://api2.sgx.com/sites/default/files/2019-08/MAS-SGX%20Trade%20Surveillance%20Practice%20Guide.pdf
- Alert on "Pump and Dump" Scams - https://www.police.gov.sg/Media-Room/News/20190504_OTHERS_Police_Advisory_Pump_and_dump_scams_involving_Hong_Kong_listed_companies
What is an SDR?
What is a reverse stock split?
As the name suggests, in a reverse stock split, instead of lowering the price of each share, the price increases while the total number of outstanding shares decrease. This is also known as a share consolidation. A reverse split does not affect the total value or the market capitalisation of the stock.
A company may conduct a reverse stock split in order to increase their stock price. One reason may be to meet listing requirements or to raise interest in the stock due to higher prices. However, reverse stock splits are often viewed negatively as it might be seen as a sign of struggle to maintain financially.
Here is a simple example of a reverse stock split: Company A has undergone a 1 for 5 reverse stock split, which means that shareholders have received one share of the new stock for every 5 shares that they previously owned. If the shareholder had originally owned 5000 shares before the reverse stock split, they would now own 1000 shares after completion of the reverse split.
If the share price was originally US$1, which means that the shareholder had a total share value of US$5000, after the reverse split, they would still have a total share value of US$5000 with each share being worth US$5.
What is multi-currency facility?
Multi-currency facility provides an added advantage for you to maintain foreign currency balances (USD, HKD, AUD, MYR, JPY, GBP, EUR, CNY and CAD) in your account for the management of your foreign currency denominated investments. Settlement of your transactions can either be in the traded currency or in SGD. However, your account must have sufficient funds in the settlement currency to avoid incurring interest on debit balances.
To opt-in multi-currency facility, please login to POEMS > Click Stocks > Acct Mgmt > on the left panel, click Online Forms > Currency Conversion > select Opt in for Multi-Currency facility > submit and enter your POEMS password to confirm your submission.
When can US extended hours be placed?
What is the validity period for my European orders?
All orders submitted are only valid for one trading day. Orders not done will be cancelled at the end of each trading day.
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