SGX

SGX is proposing a minimum bid size of 0.1¢ for stocks priced below 20¢. Stocks priced from $1.00-1.99 will have their minimum bid size cut from 1¢ to half a cent. The minimum bid size for stocks $10 & above will be cut from 2¢ to 1¢. The new pricing regime will take effect from July 1. SGX is considering cutting dealing costs to lure high-frequency traders to the local bourse. Its new powerful trading system, REACH will kick start in Aug. The lunch break will also be abolished.SGX is likely to announce the above changes in dur course