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Singapore Exchange Regulation (SGX RegCo) is seeking market feedback on several changes to its Futures Trading Rules (FTR), Singapore Exchange Securities Trading (SGX-ST) rules and Singapore Exchange Derivatives Clearing (SGX-DC) rules.
SGX RegCo’s proposed amendments to the FTR involve updates to policies and rules including those relating to:
- the admission and registration of Singapore Exchange Derivatives Trading (SGX-DT) Members’ representatives;
- the requirements pertaining to customer margining where Members will have more flexibility in managing margin cycles, customer funds and collateral; and
- the requirements for automated trading to formalise key aspects of the Algorithmic Trading Regulatory Guide.
In addition, the revision aims to improve the clarity and readability of the rules.
Amendments are proposed to align the SGX-ST rules with the FTR, where relevant, and include changes to rules on automated trading and termination of membership.
Similarly, amendments to the SGX-DC Clearing Rules are made to reflect corresponding FTR changes governing customer collateral.
Fuller details of the public consultation are found here. All comments must be received by 11 October 2023.
