SGX Eyes Transparency Moves

The Singapore Exchange last week proposed two new initiatives designed to improve transparency in the pre-open and pre-close periods of trading.

During both periods, the exchange proposes publishing real-time Indicative Equilibrium Prices—the price at which orders would be executed if auction matching occurred—which would form the opening or closing price, and would allow traders to better assess market supply and demand for pricing their orders.

SGX is also proposing varying the duration of the