SGX to reinstate equities traders’ lunch break

SINGAPORE — From Nov 13, traders on the local stock exchange will have their lunch breaks reinstated, after the midday break was done away with in 2011.

Whereas previously trading would halt at 12.30pm before resuming at 2pm, the new schedule will allow traders to take a one-hour break between noon and 1pm, aligning with key markets like Hong Kong.

Singapore Exchange (SGX) said on Tuesday (July 18) that it was proceeding with the adjustments to the equities market structure after receiving “largely positive” feedback during the public consultation process in March.

In addition, the minimum bid size for relevant securities in the S$1 to S$1.99 price range will be increased to 1 Singapore cent from the current half Singapore cent, and the forced order range for relevant securities will be widened to +/- 30 ticks from +/- 20 ticks.

The adjustments are aimed at addressing market conditions while balancing the diverse objectives and interests of different segments of participants in the market ecosystem, said SGX in a press statement.

“The midday break, increased minimum bid size and wider forced order range are the result of the collaborative approach the entire market ecosystem is committed to in enhancing our market. We will be monitoring the impact of these changes post-implementation,” said Mr Loh Boon Chye, CEO of SGX.

More than 40 respondents participated in the public consultation.