SGX Reach FAQ	Related Links

• Q1: What is SGX Reach?
• Q2: What difference will I see in my Order Book?
  
  New Features as at 26 September 2011
• Q3: What are Random endings to the Pre-Open & Pre-Close phases of the Opening & Closing Routine?
• Q4: What is Indicative Equilibrium Price (IEP)?

Q1 What is SGX Reach?

SGX Reach, accordingly, is the world's fastest trading engine. The trading engine has an order response time of 90 microseconds and can handle one million order book changes per second per partition. This is 100 times the capacity of the existing engine.

SGX Reach would give investors more ways to have their orders executed.

Q2 What difference will I see in my Order Book?

NEW Order Book AFTER SGX Reach

Troubleshooting for Order Book Quick Withdrawal

Due to our implementations toward SGX-Reach, please take note that in your customized “myPage”, you may have added “Order Book” as a pagelet previously. You may experience an event that the “Quick Withdrawal” function will not react to your command now.

We advise you to click on “X”  on the Order Book to remove the current Order Book pagelet and subsequently add it back again on “myPage”

To add Order Book pagelet back into “myPage”,  click on “Add Pagelet” icon on the top right corner > Select “Order Book” > Drag and Drop to desired location as shown in the steps below:

Click on “Save Page” to set your “myPage” screen.

Q3: What are Random endings to the Pre-Open & Pre-Close phases of the Opening & Closing Routine?

SGX has implemented Random Opening & Random Closing to improve market transparency and to safeguard trading.

The timing of the end of Pre-Open and Pre-Close phases of trading are random. Random endings means that the end of the Pre-Open and Pre Close phases will take place at anytime within a one-minute period of the time frame currently allotted for the phase. This is to prevent opening and closing prices from being manipulated from the sudden entry or withdrawal of large orders.

The Pre-Open phase would end at any time between 8:58am and 8:59am.  The Pre-Close phase would end any time between 5:04pm to 5:05pm for full-day trading and 12:34pm and 12:35pm for half-day trading.

An example taken from SGX on the time view of the random closing in SGX Reach is shown. This example is for a normal trading day where matching happens 30 seconds into the random period of time. Non-Cancel session thus, starts at 5:04:30pm.

The varying time period protects the integrity of the closing price against the impact of sudden large entry and withdrawal orders.

Q4: What is Indicative Equilibrium Price (IEP)?

The indicative equilibrium price (IEP) is the price at which orders would be executed if auction matching were to occur at that point.

IEP acts as an indication of the eventual Opening or Closing price, which help investors assess the market demand and supply conditions and allow adjustments of orders accordingly.