8.14 Circuit Breakers and Cooling-Off Periods
SGX-ST may prescribe, for certain securities or futures contracts, Circuit Breakers which are designed to temporarily restrict trading in these securities or futures contracts.
Refer to Regulatory Notice 8.14.1.
SGX-ST shall impose a Cooling-Off Period on such securities or futures contracts referred to in Rule 8.14.1 if an incoming order seeks to be matched, either partially or fully, with an existing order in the Trading System at a price outside the Circuit Breaker.
Where the Cooling-Off Period is activated pursuant to Rule 8.14.2, the following will apply:(a) the incoming order will not be matched with the existing order in the Trading System at a price outside the Circuit Breaker; and(b) such quantity of the incoming order that is not filled at the commencement of the Cooling-Off Period will be rejected by the Trading System.