
No more breaks: SGX
All-day securities trading will start 1 August so market hours overlap with other Asian exchanges.
Singapore Exchange said this will enable investors trading pan-Asian securities to respond to regional market movements and news flow. Investors will also face less risk as they will be able to manage their open positions in the securities market non-stop between 9.00am and 5.00pm Singapore time.
In Asia, Korea Exchange, India’s National Stock Exchange and Australian Securities Exchange already trade non-stop all day. Other international exchanges such as New York Stock Exchange, NASDAQ and London Stock Exchange also operate continuous trading sessions.
More recently, Hong Kong Exchanges and Clearing has increased its trading hours while Tokyo Stock Exchange plans to do so in the near future. Both have cited the need to strengthen competitiveness and enhance convenience for investors.
Once trading is continuous all day, SGX Member firms will offer retail investors various ways to execute orders. These include online trading services, the use of central dealing desks where orders can be channelled for order execution when Trading Representatives or brokers are away, the appointment of a back-up Trading Representative, and the use of mobile technology by Trading Representatives to execute orders when they are off-premises.