Trading System Demo

 

Trade Matching Rules

SDiX has implemented standard exchange based technology delivered by MarketGrid Systems. The MarketGrid team have extensive experience in the development of matching engines and automated trading systems for global financial markets. They have developed highly evolved next generation architecture, with the fastest commercially available matching engine that provides complete infrastructure for automated trading including execution, clearing, depository, surveillance and regulatory requirements.

SDiX will employ both continuous matching and negotiated matching in our baskets and single stone products.

Continuous Matching

SDiX will establish the first continuous price / time priority matching for the diamond industry parallel to other global commodity exchanges. True price discovery will be achieved through real-time full order book depth and market data available to all participants in real time. Automatic matching occurs at the best prevailing bid or offer.

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Negotiated Matching (Single Stones)

SDiX will provide the trading of single stones through an electronically negotiated market with a customized matching methodology. Order books are presented by classes of diamonds characterized by the 4 C’s with multiple individual stones listed for sale, each identified by its own unique GIA Certificate ID. Execution occurs when buyer and seller match on specific GIA Certificate ID and price.

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Trading Hours

Baskets

Continuous
Open 14:30
Close 18:30

Single Stones

Continuous
Open 14:30 – 18:30

Baskets

Continuous (Daylight Savings)
Open 8:30
Close 12:30
Continuous
Open 7:30
Close 11:30

Single Stones

Continuous (Daylight Savings)
Open 8:30 – 12:30
Continuous
Open 7:30 – 11:30

Baskets

Continuous
Open 10:30
Close 14:30

Single Stones

Continuous
Open 10:30 – 14:30

Baskets

Continuous
Open 14:30
Close 18:30

Single Stones

Continuous
Open 14:30 – 18:30

Baskets

Continuous
Open 8:30
Close 12:30

Single Stones

Continuous
Open 8:30 – 12:30

Baskets

Continuous (Daylight Savings)
Open 7:30
Close 11:30
Continuous
Open 6:30
Close 10:30

Single Stones

Continuous (Daylight Savings)
Open 7:30 – 11:30
Continuous
Open 6:30 – 10:30

Baskets

Continuous
Open 12:00
Close 16:00

Single Stones

Continuous
Open 12:00 – 16:00

Baskets

Continuous (Daylight Savings)
Open 2:30
Close 6:30
Continuous
Open 1:30
Close 5:30

Single Stones

Continuous (Daylight Savings)
Open 2:30 – 6:30
Continuous
Open 1:30 – 5:30

Baskets

Continuous (Daylight Savings)
Open 9:30
Close 13:30
Continuous
Open 8:30
Close 12:30

Single Stones

Continuous (Daylight Savings)
Open 9:30 – 13:30
Continuous
Open 8:30 – 12:30

Baskets

Session One
Open 15:30
Close 19:30

Single Stones

Continuous
Open 15:30 – 19:30

 Trading Holidays 2017

Date Day Occasion Country
2 January 2017 Monday New Year’s Holiday US, Singapore
16 January 2017 Monday Martin Luther King Day US
30 January 2017 Monday In lieu of Chinese New Year Singapore
20 February 2017 Monday  President’s Day US
14 April 2017 Friday Good Friday Singapore
1 May 2017 Monday Labour Day Singapore
10 May 2017 Wednesday  Vesak Day Singapore
29 May 2017 Monday  Memorial Day US
26 June 2017 Monday In lieu of Hari Raya Puasa Singapore
4 July 2017 Tueday Independence Day US
9 August 2017 Wednesday National Day Singapore
1 September 2017 Friday  Hari Raya Haji Singapore
4 September 2017 Monday  Labour Day US
9 October 2017 Monday Columbus Day US
18 October 2017 Wednesday Deepavali Singapore
23 November 2017 Thursday Thanksgiving US
25 December 2017 Monday Christmas US, Singapore