10 October 2008 – In the interest of maintaining a fair and orderly market, Singapore Exchange Limited (SGX) would like to inform Members and customers that it will amend the price limits for SGX Nifty Index futures as follows:
a. an Intermediate Price Limit will be introduced at 15%;
b. when the Initial Price Limit at 10% is reached, the Exchange will only signal a Cooling Off Period if the underlying cash market for the Contract is closed;
c. Cooling Off Periods for all price limits (10%, 15% and 20%) will be reduced to 5 minutes.
For the avoidance of doubt, there shall be no price limits for the remainder of the trading day after the final Cooling Off Period. There shall be no price limits on the Last Trading Day for an expiring Contract.
This measure will take effect from 3.30 pm Singapore time today and will be reviewed on 10 November 2008, or earlier as the need arises.
Source: SGX
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