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 1.17570 1.17590 2
GBPUSD 1.28290 1.28320 3
USDCAD 1.25350 1.25380 3
USDJPY 109.380 109.400 2
USDCHF 0.96780 0.96810 3
AUDUSD 0.79230 0.79260 3
NZDUSD 0.72940 0.72990 5
EURGBP 0.91630 0.91660 3
EURCHF 1.13800 1.13830 3
EURJPY 128.610 128.640 3
AUDJPY 86.660 86.710 5
GBPJPY 140.330 140.390 6
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XAGUSD 16.983 16.998 1.5