Singapore Standardizing The Stock Market

< p > last October, the Singapore stock market detonated a "small storm" that caused a sensation. It was caused by the local Bono group, the Asian investment and the a href= "//www.sjfzxm.com/news/index_cj.asp" of the Swiss lion group. Its share price was less than /a before it was fired several times, and then suddenly plunged. In just 2 days, the market value evaporated about 8 billion yuan, which made many investors lose their blood.

< /p >

After the incident, Singapore's a href= "//www.sjfzxm.com/news/index_cj.asp" > the Financial Management Bureau < /a > joined hands with the Singapore Exchange and Singapore Business Bureau to investigate the activities of the 3 stocks, and more "small stocks" were ordered to assist in the investigation and suspend trading temporarily. P

< /p >

After the "a href=" //www.sjfzxm.com/news/index_cj.asp "small storm /a" incident last year, the Singapore monetary authority and the Singapore Exchange have introduced a number of regulatory measures to further strengthen and standardize the local stock market in Singapore to ensure a more orderly trading environment.

< /p >

< p > relevant measures include: the share price of the listed companies of the main board must be higher than a minimum amount, investors must pay the mortgage for the unsettled positions, advance one day ahead of the settlement date, strengthen the disclosure of short selling pactions, limit the trading restrictions of the securities dealers, and set up an independent listing Advisory Committee.

< /p >

< p > at the same time, the new exchange also announced that from March 3rd this year, more stringent and sound regulatory mechanisms will be implemented to further enhance market pparency and reduce paction costs from May 2nd, such as stock clearing fees.

< /p >

According to the new initiatives launched by the Singapore authorities, the local industry has expressed their support and believe that these measures will greatly improve and further enhance the pparency of the market, help to avoid the recurrence of similar "small storm" events, and provide investors with more short selling information to let investors notice the potential "short selling sniper" behavior. P

< /p >

< p > related links: < /p >

< p > with the development of information technology, most securities pactions are completed through the electronic network system. The boundaries between the trading modes between the field and the OTC market have gradually become blurred, and thus an intermediate area such as "non exchange market" has emerged.

The "non exchange market" has not been registered as a formal exchange, nor is it a simple single counter market.

From a technical point of view, it provides an electronic centralized trading platform, which has no difference from the exchanges. However, judging from the degree of regulation, it is not as strict as the exchange, but rather consistent or slightly stricter than the traditional OTC market.

Therefore, the traditional "dichotomy" has the trend of "three points" pition.

< /p >

< p > the International Securities Regulatory Commission (IOSCO) divides the stock trading market into three levels: first, the exchange market refers to the stock exchange established by the regulatory body.

This includes the United States registered exchanges under the securities and exchange act of 1934, regulated markets in Europe, and exchanges established in other countries.

Secondly, the non exchange market refers to the market of centralized trading outside the Internet.

This includes alternative trading systems such as the United States and Canada, multilateral trading platforms in Europe, qualified market operators in Singapore, proprietary trading systems in Japan, and automated paction services in Hongkong.

Third, the OTC market refers to a single off the Internet counter market.

These include the US dealer trading system, paired matching networks, the European system of internal distributors, the registered electronic facilities in Malaysia, and all kinds of scattered counter trading places.

< /p >