General Announcement::SGX consults on changes to derivatives rules and contract specifications

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Feb-2016 17:14:20
Status
New
Announcement Sub Title
SGX consults on changes to derivatives rules and contract specifications
Announcement Reference
SG160218OTHR35S4
Submitted By (Co./ Ind. Name)
Carolyn Lim
Designation
VP, Marketing & Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) is seeking public feedback on proposed amendments to the Futures Trading Rule, SGX-Derivatives Clearing (SGX-DC) Rules and various contract specifications.

The amendments are related to the new derivatives trading and clearing systems which SGX is investing in.

The proposed amendments and enhancements consulted on include:
-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.
-Enhanced functionalities including the ability for trading members to set pre-trade risk controls, and a tool to prevent self-trading where both sides of the trade belong to the same party.
-Revised price limits for SGX CNX Nifty Index futures and SGX MSCI India Index futures.

The consultation paper is open for comments till 10 March 2016. Responses can be sent via the following ways:


Email rules@sgx.com

Mail Singapore Exchange Limited
11 North Buona Vista Drive
#06-07, The Metropolis Tower 2
Singapore 138589
Attention: Regulatory Development & Policy


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