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MARKETS & INVESTING | Staff Reporter, Singapore

SGX seeks feedback on proposed changes to Futures Trading Rule, SGX-DC Rules

They relate to new derivatives trading, clearing systems.

Singapore Exchange (SGX) is seeking public feedback on proposed changes to the Futures Trading Rule, SGX-Derivatives Clearings (SGX-DC) Rules and various contract specifications.

According to SGX’s announcement, the amendments are related to the new derivatives trading and clearing systems in which SGX is investing.

The first of the proposed changes consulted on is the use of the previous day’s price limits during the initial part of the T+1 session until the daily settlement price (DSP) for the preceding T session is available.

The second amendment involves enhanced functionalities including the ability for trading member to determine pre-trade risk controls as well as a tool to prevent self-trading where both sides of the trade belong to the same party.

Lastly, there is a revision to price limits for SGX CNX Nifty Index futures and SGX MSCI India Index features.

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