SGX strengthens measures to deter market misconduct

Two initiatives were introduced.

The Singapore Exchange (SGX) announced two initiatives meant to detect and stop market misconduct - The Trade Surveillance Handbook and the Members Surveillance Dashboard.

The two initiatives are intended to complement real-time trade surveillance, inspections and enforcements.

Aimed at improving SGX members’ understanding of improper market conduct, The Trade Surveillance Handbook's first series will feature spoofing, layering and marking the close activities. Members will also be provided with guidelines on how to incorporate into their internal surveillance programme to detect, prevent and stop market misconduct.

The Members Surveillance Dashboard, meanwhile, will contain statistics and information on activities that could be market misconduct.. Each brokerage that is an SGX member will receive this set of data with information specific to its alerts only. Brokerages will also get their ranking against peers in the same industry based on the number of alerts from the firm.

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