Categorized | Singapore Trading News

SGX proposes new algorithm for equilibrium prices

Singapore Exchange said on Friday it is proposing a new algorithm to calculate the way trading orders are matched during opening and closing periods and during adjustment phases.

The exchange said its proposed algorithm will compute a price that is a better reflection of the market as it will allow for an improved calculation of the levels of demand and supply in the market.

SGX is proposing to implement the algorithm within its new trading engine Reach during the second half of 2011. (Reporting by Rachel Armstrong)

Adapted from Reuters.

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Symbol Bid Ask Spread
EURUSD 1.17740 1.17760 2
GBPUSD 1.33440 1.33470 3
USDCAD 1.28410 1.28440 3
USDJPY 113.440 113.460 2
USDCHF 0.99160 0.99190 3
AUDUSD 0.75400 0.75430 3
NZDUSD 0.69300 0.69350 5
EURGBP 0.88210 0.88240 3
EURCHF 1.16760 1.16790 3
EURJPY 133.560 133.590 3
AUDJPY 85.530 85.580 5
GBPJPY 151.370 151.430 6
XAUUSD 1245.41 1245.81 40
XAGUSD 15.764 15.814 5