Updated and Consolidated Trading Rules

December 23, 1997PSE CIRCULAR NO. 248-97UPDATED AND CONSOLIDATED TRADING RULESAttached is the updated trading rules as approved by the Board of Governors and as a result of the consolidation of all recently issued trading rules as of this date. For historical purposes, this consolidated rules is annotated to refer to the original exchange circulars. cdlexWhile trading is now fully scripless, the rules on clearing and settlement are still included unchanged to cover the interim period where the old clearing houses still operate. An updated version reflecting an environment that is purely scripless will be issued soon.For your reference.(SGD.) RAFAEL L. LLAVEChief Operating OfficerTRADING AND SETTLEMENT RULESTable of ContentsChapter I. TradingArticle 1. Trading HoursArticle 2. Business HoursArticle 3. Trading BoothArticle 4. Entering and PrioritizingArticle 5. Revisions in OrderArticle 6. Types of Orders Acceptable to the SystemArticle 7. Opening Price CalculationArticle 8. Cross TransactionsArticle 9. Special Block SalesArticle 10. Board Lots and Price FluctuationsArticle 11. Odd LotsArticle 12. Limit of OrdersArticle 13. Matching of OrdersArticle 14. Cancellations of Posted and Done OrdersArticle 15. Cancellation of Matched OrdersArticle...