A high-level introduction to trading phases, order matching and changing liquidity.
A day has several phases
The securities market uses opening, continuous trading, mid-day and closing phases. Exact schedules and procedures can change, so always confirm current information with Singapore Exchange.
Why phases matter
Orders may be handled differently around auctions and continuous trading. Trading activity can also vary by security and time of day.
Study before using an order
Learn how a proposed order type works, what price information is available and what costs may apply. This lesson is not an instruction to place an order.
Journal prompt
Write one fact you observed, one assumption you made and one question that remains unanswered.
Markets are uncertain and investing can result in loss. Historical information does not guarantee a future outcome.