SGX consults on changes to derivatives rules and 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:
Singapore Exchange Limited
11 North Buona Vista Drive
#06-07, The Metropolis Tower 2
Attention: Regulatory Development & Policy