Singapore SGX adjusts price limits for Nifty futures

Singapore Exchange (SGXL.SI: Quote, Profile, Research, Stock Buzz) on Friday adjusted the price limits and reduced the "cooling off" period for trading in its Nifty Index futures to reflect the increased volatility in Indian stocks.

Effective immediately, SGX will introduce an intermediate price limit of 15 percent which will trigger a "cooling off" period of 5 minutes when trading in the Nifty contract will be halted temporarily.

The Singapore bourse also said it will not introduce a "cooling off" period if the 10 percent price limit is reached unless the underlying cash market is closed. The new measures will be in place till Nov 10.

SGX's Nifty Index futures track movements on India's National Stock Exchange. (Reporting by Kevin Lim; Editing by Jennifer Tan)

Source: reuters.com