The Singapore Exchange (SGX) is seeking to launch a new algorithm to analyze the way trading orders are matched during opening and closing routines and adjustment phases, Reuters reports. The proposed algorithm will calculate a price reflective of the market for improved accounting of demand and supply levels. SGX will apply the algorithm with its trading engine Reach in the latter half of 2011. The stock exchange is seeking suggestions from market participants and members of the public regarding the proposal, adds channelnewsasia.com.
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