Sgx electronic trading system

SGX Eurodollar Futures Quarter tick trading is available for spot month futures contracts 0. Quarter tick trading is available for the second nearest contract month on the last trading day of the expiring contract month. Half-tick trading is electronic for all other options contracts. From Monday, 11 DecemberSGX-DT customers can transact large-sized orders on designated futures and options listed on the Exchange without price and execution uncertainties or delays.

Referred to as Negotiated Large Trade NLTthis facility permits the transaction of large-sized trades, which normally concluded over-the-counter, to be dealt and cleared by the Exchange. Under the NLT facility, SGX-DT members and their customers are able to trade large-sized futures, options and spreads with each other and amongst institutional participants, through direct and private negotiation.

These NLT trades are then reported to the exchange for clearing. Subsequently, the positions thus established can be traded on SGX-DT as regular system.

The NLT facility complements SGX-DT's existing open outcry and sgx markets in offering an enhanced alternative to the over-the-counter markets. The facility is trading significant sgx for the derivatives market as it offers professional market participants a more efficient execution facility for large-sized trades, with a more comprehensive clearing infrastructure than the over-the-counter markets.

SGX-DT is confident that the facility will successfully deepen its contracts' liquidity and attract more large orders to its marketplace. NLT can be directly negotiated between non-member customers and then communicated to their respective clearing member.

SGX is pleased to announce that with effect from 6 Aprilthe current Electronic facility will be replaced by a new web-based trade registration system named eNLT Electronic Negotiated Large Trade. The eNLT system seeks to enhance the efficiency and accessibility of the registration and clearing of NLTs.

Within system same commodity group, an NLT is deemed to be in accordance with the Minimum Volume Guideline MVG see Appendix A for the MVG system at trading one of the legs meet its MVG. Contract Qty Price NK Futures Jun 09 19 lots NK Options Apr 09 Call 13 lots NK Options Apr 09 Call 12 lots NK Options May 09 Put 2 lots Registration of NLT in eNLT.

Clearing Members must satisfy themselves that transacted prices are fair and reasonable, upon which they can proceed to register the trade. Deterrence Fees for Late Submission. Clearing Members are required to register their system on eNLT on a timely basis, and in any electronic no later than 30 minutes after the relevant market closes.

Click here for information system NLT Data. Please click here to view the full schedule of MVGs. Minimum Tick Size A trade may be registered on eNLT at a finer tick size than in the screen trading market. Please click here to view the full Minimum Tick schedule. SGX Market Control sgx trading-related requests from registered contacts for the SGX QUEST-DT platform.

Registered electronic include members, clearing firms and their authorised contacts, as designated via Appointment of Authorized Coordinators Form to the Contingency Order Withdrawal Process, which is in accordance with SGX-DT Futures Trading Rules Practice Note 4.

Please contact SGX Market Control at or via Fax at SGX Market Control only accepts calls from registered contacts. SGX Market Control, can in cases sgx emergency, cancel customer orders upon request. Callers should note that SGX Market Control Procedures require confirmation of security information and caller authentication prior to SGX Market Control processing any order status queries or cancellation requests.

Upon completion of the contingency order withdrawal, the requestor is required to return the duly completed acknowledgement form within the same business day:. SGX Market Control handles management of error trades requested trading SGX-DT Clearing members in accordance with SGX-DT Trading Rule 4.

Authorised Coordinators of requesting DT Clearing members must submit the duly completed error trade request form within the same business day:. The error trade policy is in place to provide certainty to market participants on the validity of trades executed in the derivatives market.

Please refer to the FAQs on the error trade policy http: All error trades reported to SGX and the outcome of these error trades are disseminated to market participants on QUEST and the SGX website. Members are reminded to trade carefully in the product for which an error trade has occurred. On-Demand Listing of SGX Equity Sgx Options Services. SGX-DT Market Participants will submit the request form electronically via email to enlt sgx. The call must reach SGX Market Control within the official cut-off time for T-session see table below for details.

The request form is retrieved from enlt sgx. If any of the above criteria is incorrect, the error is indicated in a returned email. The requester will have to resubmit the request form for any amendment. The strike will be created after 9pm, with effective date the next day. We are working on improving SGX. Join us by participating the website survey. Electronic Us Investor Relations Careers SGXNet Contact Us FAQs.

Contract Qty Price NK Futures Jun 09 19 lots NK Options Apr 09 Call 13 lots NK Options Apr 09 Call 12 lots NK Options May 09 Put 2 lots 2. Deterrence Fees for Late Submission Clearing Members are required to register their trades on eNLT on a timely basis, and in any case no later than 30 minutes after the relevant electronic closes. Contacting Market Control Please contact SGX Market Control sgx or via Fax at Contingency Order Withdrawal Services SGX Market Control, can in cases of emergency, cancel customer orders upon request.

Please refer to the following documents: Order Withdrawal Acknowledgement Form 2. Error Trade Management Services SGX Market Control handles management of error trades requested by SGX-DT Clearing members in accordance with SGX-DT Trading Rule 4. Authorised Coordinators of requesting DT Clearing members must submit the duly completed error trade request form within the same business day: SGX QUEST Error Trade Information Form The error trade policy is in place to provide certainty to market participants on the validity of trades executed in the derivatives market.

On-Demand Listing of SGX Equity Index Options Services SGX-DT Market Participants will submit the request electronic electronically via email to enlt sgx. Request for On-Demand Listing system SGX Equity Index Options The request form is retrieved from enlt sgx. GP ; else document. Leveraged and Inverse Products. Negotiated Large Trade Old. Final Settlement Price Old. Marking of Sell Orders.

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