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GOVERNMENT OWNED CORPORATIONS SCRUTINY COMMITTEE Friday 23 June 2006The Government Owned Corporations Scrutiny Committee convened at 1.30 pm.
Mr CHAIRMAN: Good afternoon. I declare open this public
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Sudden price spikes refer to rapid and significant increases in the price of a commodity or financial asset, often influenced by sudden changes in supply and demand dynamics.
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Entities such as traders, brokers, or companies involved in the buying and selling of commodities or financial assets may be required to file reports on sudden price spikes.
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The purpose of reporting sudden price spikes is to promote market transparency and integrity, allowing regulators to assess market behavior and investigate any potential manipulation.
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Information typically required includes the date and time of the price spike, the price before and after the spike, the volume of trades, and any relevant trading conditions or events that contributed to the spike.
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